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MEMORANDUM TO THE NATIONAL TREASURY AND PLANNING ON THE NATIONAL BUDGET FOR THE FINANCIAL YEAR 2021/2022
- November 20, 2020
- Posted by: IPF Kenya
- Category: News&Events
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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.
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COUNTY GOVERNMENTS BUDGET IMPLEMENTATION REVIEW REPORT FOR THE FY 2019/20
- October 22, 2020
- Posted by: IPF Kenya
- Category: National Report
The revenue out-turn of Kshs.35.77 billion generated by the county governments was 65.2 per cent of the
annual target of Kshs.54.9 billion, a decrease compared to Kshs.40.30 billion generated in FY 2018/19,
which was 74.8 per cent of the annual target. -
ONLY MORE REVENUE WILL BREAK STALEMATE
- August 12, 2020
- Posted by: IPF Kenya
- Category: Publications
The impact of Covid-19 is projected to worsen revenue collection beyond FY 2020/21 dampening hopes for more revenue in the next FY.
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WHAT DOES IT MEAN WHEN THE GOVERNMENT BORROWS FROM THE LOCAL COMMERCIAL BANKS?
- August 12, 2020
- Posted by: IPF Kenya
- Category: Policy Brief
Kenya’s appetite for debt has increased over the years, reaching slightly about Kes 6.33 billion in April 2020 according to the latest Statement of actual revenues and expenditures (Republic of Kenya, 2020). Publicly available data shows that by the end of February 2020, the government had borrowed about Kes 3.04 trillion from the domestic market and about Kes 3.12 trillion externally (CBK,2020).
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THE FINANCE ACT, 2020
- July 13, 2020
- Posted by: IPF Kenya
- Category: Publications
Section 77 of the Public Finance Management Act 2012 states that The Cabinet Secretary may waive a national tax,
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Counties should tell us how they spend our cash
- April 25, 2020
- Posted by: IPF Kenya
- Category: Publications
The PFM Act clearly stipulates that these documents should be made available to the commission when they are being given to other agencies. However, it is not the responsibility of the commission to make them available to citizens, but of the counties
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For devolution to succeed, County assembly budget resolutions must be respected.
- April 25, 2020
- Posted by: IPF Kenya
- Category: Policy Brief
The county fiscal strategy paper (CFSP) is a policy document that provides for the priorities that a county is pursuing in the coming financial year and is a requirement of Section 118 of Public Finance Management Act, 2012.