The making of a national budget: Kenya’s budget cycle timeline

Kenya’s financial cycle relies on the budget process, which begins with the budget-making process. The budget process is guided by the budget calendar issued by the National Treasury and Economic Planning ministry, which stipulates timelines for several key activities to be undertaken to finalise the

Budgetary process: Exploring the role and effectiveness of Sector Working Groups

Prof. Njuguna Ndung’u, the Cabinet Secretary, National Treasury, set in motion the budget process for the financial year 2024/2025 on 18th August 2023, when he launched the Medium-Term Budget Preparation process. During the launch, Prof. Ndung’u indicated that sector working groups needed to begin their

Assessing budget transparency: Does your county disclose essential fiscal information?

Twelve years after the onset of devolution in Kenya, significant progress has been made towards citizens’ access to county governments’ public budget information.  To achieve the goals of devolution, the Constitution gave county governments powers to raise, receive, allocate and spend public funds in a

An Explainer: The Draft Public Finance Management (Transfer of Functions) Bill, 2023

Background With the promulgation of the Constitution of Kenya, 2010, the country took up a system of governance which embodies devolution and decentralization. The country has two levels of government i.e., the national and county governments. While these two levels of government are separate and

Kenya’s key economic strategies in 2022 Budget Policy Statement to spur recovery

Kenya’s economy has been on a path to recovery in 2021 following the slump in 2021 occasioned by the negative effects of the Covid-19 pandemic. It is against this recovery background that Kenya’s 2022 Budget Policy Statement (BPS) is based upon.  Kenya’s economy rebounded strongly

Kenya Budget Statement FY 2021/2022 theme: Building back better: Strategy for resilient and sustainable economic recovery and inclusive growth

INTRODUCTION Aptly themed, this year’s Kshs. 3 Trillion budget aims to focus on economic recovery in the wake of the Covid19 Pandemic which has occasioned increased poverty and vulnerability levels across the country. In his speech, CS (Amb.) Ukur Yatani noted that the main focus

Budget gives hope to a referendum, and its attendant troubles

Budgeting for an election usually starts before the year in which the election is held, which would make an allocation in the Budget normal, but there is more this year.  The allocation has been tripled, from KSh4.6 billion to KSh15 billion, and this has been

Request for proposals on the Budget Statement FY 2021/2022

The Kenya National Treasury has invited members of the public to contribute to the final Budget Statement for the FY 2021/2022 which will be delivered in Parliament on 10th June, 2021. In this respect, the public is invited to share their proposals via email at:

Kenya National Budget Part 1: Building back better: Strategy for resilient and sustainable economic recovery

KENYA NATIONAL BUDGET The current state of engagement between the state and the public on matters related to budget allocations, expenditures, and actual service delivery outcomes is mostly focused on printed and actual figures and narratives already approved for execution. There is limited engagement at

National Treasury request for comments on the Draft 2021 Budget Policy Statement for the MTEF FY 2021/22-2023/24 Budget

The National Treasury has finalized the Draft 2021 Budget Policy Statement for the MTEF FY 2021/22 -2023/24 budget which is available at the National Treasury website www.treasury.go.ke. and it invites comments on it.

Government priorities for Energy, Infrastructure and ICT

In Kenya’s national finance cycle, the Energy, Infrastructure and ICT Sector (EII) comprises nine sub-sectors namely:  Energy and Petroleum;  Infrastructure;  Transport;  Shipping and Maritime;  Housing and Urban Development;  Public Works;  Information Communication and Technology;  Broadcasting and Telecommunications.  The Sector aims at providing efficient, affordable and

Private Sector engagement in the budget making process

The Kenya budget cycle is well on its way and is in fact half way through with the National Treasury and Planning having just concluded the public hearings for FY 2021/22 and Medium-Term budget proposals. The budget is the most important policy through which the

Highlights of the first quarterly economic and budgetary review report in the 2020/21 FY

10.7%
Growth in broad money supply, M3, improved to 10.7
percent in the year to September 2020 compared to a
growth of 6.5 percent in the year to September 2019.