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CORONA VIRUS PANDEMIC ON THE KENYA PUBLIC FINANCE ENVIRONMENT: A CALL TO ACTION!

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CORONA VIRUS PANDEMIC ON THE KENYA PUBLIC FINANCE ENVIRONMENT: A CALL TO ACTION!

Posted by: Octaviah Wachira
Category: Blog

During this period when the Novel Coronavirus (COVID-19) pandemic has hit the country, The Institute of Public Finance Kenya calls for

  • The National and county governments to reprioritize spending by quickly preparing supplementary budget estimates for the FY 2019/20. This should focus on spending cuts for non-core areas like
    foreign travel, training and hospitality which according to Controller of Budget cumulatively spent Ksh6.8  billion in the first quarter of FY 2019/20 at the national level.
  • The National Treasury and county treasuries to prioritize resourcing for frontline health workers like Community Health Workers (CHW) from the contingency fund and emergency funds respectively.
    The Cabinet Secretary National Treasury to initiate a process for deferment of Value Added Taxes
    (VAT) for March 2020, April 2020 and May 2020 and for VAT payments to be made on payments received and not on invoices issued.
  • The County governments to responsibly utilize emergency funds as allocated under the various FY 2019/20 county’s appropriation Acts and pursuant to section 110 to 114 of the Public Finance Management Act 2012.
  • The Parliament through its established systems like parliamentary committees to ensure accountability of public resources during this period by requiring adequate transparency through publication and
    publicizing of emergency response disbursements on monthly basis.