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Signing of Loan Agreement between Kenya and Japan


Nairobi,March 16, 23018

National Treasury Cabinet Secretary, Henry Rotich (Center) and Japanese Ambassador to Kenya, Toshitsugu Uesawa (2nd Left) pend their signatures to loan agreements for Olkaria 1, 2 and 3 Geothermal Power Rehabilitation Project amounting to Sh 9.53 billion and the Exchange of Notes for a Grant to Purchase Patrol Motor Boats for Fisheries Department amounting to Sh 274.4 million today, 16th March, 2018 at the National Treasury Building in Nairobi.

“The Girls Matter” Meeting

Nairobi, March 8, 2018

National Treasury Cabinet Secretary Henry Rotich in a group photo with with young women entrepreneurs today, Thursday, March 8, 2018 at Kenyatta International Convention Centre (KICC) during a meeting themed “The Girls Matter”, a conversation with young women in Kenya that coincided with the International Women Day celebrations. Download Speech

French Delegation

CS National Treasury, Henry Rotich,met and held talks with French Ambassador to Kenya, Mr. Antoine Sivan, who led a delegation of French investors who paid a courtesy call at the National Treasury Building this morning. The investors are in Kenya to look for investment opportunities in various fields.

Statement by Mr. Henry Rotich, EGH Cabinet Secretary, The National Treasury & Planning During The Visit By Mr. Jean –Pierre Marcelli, Agence Francaise De Developpment (AFD) Director Sub-Saharan Africa On 1st March 2018

Statement by Mr. Henry Rotich, EGH Cabinet Secretary, The National Treasury & Planning During The Visit By Mr. Jean –Pierre Marcelli, Agence Francaise De Developpment (AFD) Director Sub-Saharan Africa On 1st March 2018. Download Full Statement

Post-Election Economic And Fiscal Report

Post-Election Economic And Fiscal Report. Download Full Report

Statement By The National Treasury On The Issuance Of The Eurobond

Statement By The National Treasury On The Issuance Of The Eurobond

Download Full Statement

Quarterly Economic and Budgetary Review First Half Financial Year 2017-2018 Period ending 31st December 2017

Quarterly Economic and Budgetary Review First Half Financial Year 2017-2018 Period ending 31st December 2017

2018 Budget Policy Statement

2018 Budget Policy Statement

Handing over - Department of Planning and Statistics


Nairobi, Monday, February 5, 2018

Cabinet Secretary, The National Treasury, Henry Rotich (Centre), Immediate Cabinet Secretary, Devolution and Planning, Mwangi Kiunjuri (2nd right) and Immediate Cabinet Secretary, Water and Irrigation, Eugene Wamalwa pen their signatures to handing over documents today, February 5, 2018 during the handing over of Department of Planning and Statistics to CS Rotich and Devolution to the Wamalwa (incoming CS Devolution and ASAL) at the National Treasury Building, Nairobi.

Official Opening Of Public Hearings For The FY 2018/19 Medium-Term Budget

Speech By Mr. Henry K. Rotich, EGH, Cabinet Secretary, National Treasury 24th January 2018 at Kenyatta International Convention Centre, Nairobi

Post-Election Economic And Fiscal Report

2018 Budget Policy Statement

Pre-Election Economic And Fiscal Report 2017

Involvement in all stages of project development cycle. The department will strive to participate by representation in project appraisal, formulation, implementation, monitoring and evaluation stages for all Donor Funded Projects in the budget.
Enhancing project implementation through tying release of funds to production of project work plans as inputs to the annual budget estimates.

To continuously provide quality Accounting Services in the Public sector through proper maintenance of accounting records, timely provision of financial reports and ensuring proper accountability of public funds
To be a leading entity in the provision of quality Accounting and Financial advisory services to the public sector in Kenya and in the Region

Policy Mandate
The Accountant General’s Department is responsible for planning, developing and implementing Government accounting policy, systems and procedures including computerization programmes of accounting systems and monitoring revenue collection and expenditures that are approved by Parliament.

The main functions are:

1) Planning, development, implementation and formulation of policy pertaining to accounting systems, procedures, rules and regulations.

2) Direction, control and coordination of matters relating to ministries’/departments’ accounting systems and operations in liaison with Heads of Accounting Units.
3) Monitoring and evaluation of accounting systems and utilization of staff in ministries/departments and districts.

4) Direction, control and coordination of all matters pertaining to Paymaster General (Banking) and District Accounting (systems) operations including reimbursement to districts (Cash Management).

5) Direction, control and coordination of operations of the exchequer in matters relating to accounting for revenue including external loans and grants.

6) Liaising with the Central Bank of Kenya on matters relating to consolidated fund and ministries’ bank accounts.

7) Management and control of Government financial reporting system to ensure delivery of timely and accurate financial information for  management decisions.

8) Follow-up on Ministries’/Departments’ Annual Accounts, audit reports, the Public Accounts Committee recommendations and preparation of the Treasury Memorandum.

9) Preparation of letters of appointment of accounting officers and receivers of revenue.

10) Administration of the scheme of service for accountants including: Recruitment in conjunction with Directorate of Personnel Management and Public Service Commission of Kenya, Deployment of Accountants in Ministries/Departments and Districts, Training and development of the accountants in the civil service.

11) Administration of the Accountants Act and Certified Public Secretaries Act, including the management of Registration of Accountants Board (RAB) and Registration of Certified Public Secretaries Board (RCPSB).

Just like all other countries who adopted MTEF, an elaborate system of institutions were put in place to coordinate and manage MTEF process They are:

(i) MTEF Secretariat
The introduction of the Medium Term Expenditure Framework required a concerted effort across all Ministries and Departments of Government. As a start a core team of MTEF Secretariat was set up in the Ministry of Finance and Planning. The Secretariat was coordinating and directing the implementation of MTEF on a full time basis. The secretariat was also expected to make arrangements for capacity building within the secretariat and also for familiarizing and training the key stakeholders and participants in this process.

(ii) Macro Economic Working Group (MWG)
The MWG is responsible for preparing consistent forecasts for economic development and growth. The group also prepares the expected revenues, the financing strategy of public expenditures and together with the Sector Working Groups proposes sectoral resource ceilings. The group is chaired by the Director of Planning and has members drawn from the relevant departments in the Ministries of Finance and Planning and National Development, Kenya Institute for Public Policy and Research Analysis (KIPRA), the Kenya Revenue Authority, The Central Bank. It also co-opts other specialized institutions as and when the need arises.

(iii) Sectoral Working Groups (SWGs)
Initially seven Sectoral Working Groups were set up and later on increased to eight sectors, namely: Agriculture & Rural Development, Physical Infrastructure, Human Resource Development, Tourism Trade and Industry, Public Administration, Public Safety, Law and Order, Information Communication and Technology and National Security.
The SWGs, work closely with line Ministries, and are responsible for developing sectoral policies and objectives; evaluating Ministry/Department estimates submissions and ensuring that the inputs, activities, outputs and outcomes are in line with the national objectives. Each sector has a core secretariat based at the Ministry of Planning and National Development and incorporates Ministries and other stakeholders as and when required.

(iv) Budget Steering Committee
This is a Committee set up in Treasury made of Heads of Department of Budget, Economic Affairs, Debt Management, External Resources, Accountant General, Pensions, GITS, Macro Department of Ministry of Planning and National Development. This team considers the budget proposals and also monitors developments that may arise in the course of implementation of the budget.

Through internal reviews of the performance of the budget process the government realized that its public expenditure management was inconsistent with the objectives of achieving high and sustained growth of the economy necessary for reducing the levels of poverty. The performance of the public sector in itself had become a constraint to the growth prospects of the private sector and thus to overall economic growth. The composition of public expenditure was inappropriate and inefficient. It was this review that emphasized the need to have a comprehensive reform of the public expenditure management spanning from budget formulation to budget implementation.

Arising from this review and its recommendations the Government adopted the Medium Term Expenditure Framework (MTEF) which would guide the efficient and effective use of Government resources and a reduction in the share of public expenditure in the GDP. The MTEF was and is expected to achieve three tasks:

Maintain aggregate fiscal discipline by ensuring that policy changes are consistent with fiscal norms and programme objectives;

Increase efficiency in resource allocation;
Promote efficient delivery of services.

Before the introduction of MTEF in 2000, policy making, planning and budgeting were taking place independently of each other. In Kenya Planning was confined into Ministry of Planning whereas budgeting was confined in the Ministry of Finance. Despite having taken various reforms particularly in the budgeting process the budget was not delivering. The resources available were distributed thinly on too many projects not linked at all to the policy priorities. This often resulted into stalled projects,increase in pending bills(Budgetary Arrears), low funding to priority areas and hence non delivery of intended services.

Although at the start of the Forward budget or the annual budget it was a requirement that there is a forecast of the aggregate resources. Over the years there was the tendency to over estimate revenues which resulted into the adjustments of the budget in the course of the year. The over estimation was mainly driven by the fact that as the deficit had been a performance criteria more efforts were made towards achieving the variable than processes that could lead to the restructuring of the expenditure patterns and composition.

During the period when the budgetary reforms were being instituted the country recorded high fiscal deficit some of which were due to lack of discipline whereas others were due to other external factors such as lack of flow of funds from development partners. The budget was adjusted as soon as was presented to parliament. This was occasioned by the fact that in an effort to balance the budget expenditure adjustments were made on areas where commitments had been made as such the Ministry of Finance would then request Ministries to make re-allocations (virements) or issue them a supplementary. There were also instances of over expenditures due to commitments entered into that were higher than the approved budget and also due to programmes started whereas they had no budgetary provision.

The other weakness of the budget was lack of a process of costing and prioritization. Despite having introduced Public Investment Programme the process of project appraisal was not developed therefore viability of projects just depended on arguments of the implementing agency. The budget therefore turned out to be incremental.


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