Public Financial Management (PFM) is the system by which financial resources are planned, directed and controlled to enable and influence the efficient and effective delivery of public service goals.
As of November 2020, total revenue collected for FY 2020/21 was Kshs. 1.002 Trillion which is equivalent to 35% of the total targeted revenue of Kshs. 2.83 Trillion. This was a decline compared to the same period for financial year 2019/20 where total actual revenue receipts were Kshs. 1.023 Trillion or39% of the revenue estimates. The revenue for theJanuary 20, 2021
MEMORANDUM TO THE NATIONAL TREASURY AND PLANNING ON THE NATIONAL BUDGET FOR THE FINANCIAL YEAR 2021/2022
Budget implementation remains a challenge at both levels of Government. An analysis of the County Budget Implementation Review Report for FY 2019/20 from the Office of the Controller of Budget shows that public budgets’ credibility is relatively low.November 20, 2020
Budgets can play a vital role in providing information to civil society, government stakeholders, and the public-at-large about the spending priorities of the government. Many donors that work on domestic budgeting have focused narrowly on transparency, as opposed to usability, of budget data. This limited functionality of budget and expenditure data constrains issue-based budget advocacyNovember 11, 2020
Our focus in 2020, will be to continue strengthening our capacity and producing PFM evidence for use by stakeholders. Our ambition will continue being to drive a high-performance organisation culture, putting evidence at the heart of IPFK and remaining true to our values and our purpose. This will further be espoused by our strategic planOctober 26, 2020