Budget review and outlook paper brop

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 deliberations and align their priorities with the prevailing economic realities. […]...

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11 Sep 2023

Budget Process: The ball is already rolling for big decisions in the 2024/2025 financial year

The budget-making process is an ongoing exercise characterised by strict timelines mandated by the Constitution and the Public Finance Management Act, 2012. The National Treasury on August 18, 2023, l...

19 Jun 2023

Key tax highlights in the Finance Bill: An overview of notable proposed changes

Following the tabling of the Finance Bill, 2023 before the National Assembly on 28th April 2023, the Cabinet Secretary for National Treasury and Economic Planning (CS) read his budget statement on 15t...

19 Jun 2023

Kenya’s 2023/2024 Budget: Highlights of the allocations

On Thursday 15th June, the Budget for the financial year of 2023/2024 was read before the National Assembly, highlighting the government’s Bottom-Up Economic Transformation Agenda. This was pursuant...

19 Jun 2023

Budget Making Process

Develop and issue Medium-Term Expenditure Framework (MTEF) guidelines Launch of sector working groups Development of Medium-Term Budget Framework (BROP) Preparation and submiss...

19 Jun 2023

Kenya Kwanza’s First Budget: Tough choices towards recovery plan, stability and growth.

The first budget of President William Ruto’s administration, geared towards an economic turnaround and inclusive growth, came against a background of a challenging domestic and external environment....

22 May 2023

Quarterly Economic and Budgetary Review: Analysis of 3rd Quarter FY2022/2023 (Ending March 31, 2023)

The National Treasury recently published the Third Quarter report for the financial year 2022/2023 per the provisions of the Public Finance Management Act, 2015. Below are some of the highlights of th...

29 Apr 2021

First National Shadow Budget roots for a predictable tax regime and urgent debt management

A shadow National Budget published by a local public affairs and policy analysis consortium has called for the urgent adoption of a predictable tax regime to foster economic growth and mitigate a loom...

12 Feb 2021

Part 2 on the BUDGET SERIES: Which way forward for Kenya’s economy? Highlights of Kenya’s economic outlook and proposed recommendations

The Kenyan economy is currently facing significant challenges as a result of the COVID-19 (C19) exacerbating an already grim situation. Despite having attained a lower middle income status in 2014, Ke...

27 Nov 2020

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 propos...