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Tag: budget
Latest Article 28 Jun 2024
Unprecedented 2024 Budget cycle: Fiscal crisis and policy implications following Finance Bill withdrawal.
Recent events have thrust Kenya onto the global stage for both positive and negative reasons. On the one hand, the country’s youth have come to the fore of its political discourse, and on the other, the reported cases of violence have blighted the country’s effervescent image. More importantly, and in the ensuing events, […]...
Read MoreMore on Tag: budget
9 May 2024
Institute of Public Finance Shadow Budget: Kenya’s 2024 budget prioritises debt service amidst fiscal constraints.
The KSh 4.1 trillion budget under the Kenya Kwanza administration marks the second fiscal plan in the current regime. The 2024 Budget Policy Statement (BPS) outlines a 4 percent increase from the prev...
24 Feb 2024
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 Pl...
18 Sep 2023
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 Prepar...
5 Jun 2023
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...
3 Mar 2023
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...
19 Nov 2021
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 ...
11 Jun 2021
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 ...
11 Jun 2021
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 trip...
21 May 2021
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...
30 Jan 2021
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...
25 Jan 2021
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 invite...
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