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  • IFMIS e-procurement Overview for Council of Governors
  • IFMIS e-procurement Overview for Council of Governors
  • IFMIS e-procurement Overview for Council of Governors
  • IFMIS e-procurement Overview for Council of Governors
  • IFMIS e-procurement Training for County Assemblies Clerks

Treasury News

Special Report On State Of The Economy And The Macroeconomic Outlook For Financial Year 2016/17 And The Medium-Term

Kenya’s sound macroeconomic management and economic resilience built over the years has enabled the country to maintain strong economic growth and stability.
The Director General of Budget, Fiscal and Economic Affairs in the National Treasury Dr. Geoffrey Mwau, said Kenya’s economic growth prospects continues to remain stable due to the strong foundation of economic transformation.

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Tax Collections hit Ksh76.8 billion in July 2015

KRA Times TowerThe Kenya Revenue Authority (KRA) collected Ksh76.83 billion in taxes last month. The continuing focus on growing inflows from the excise duty streams through ongoing crackdown on manufacturers.
Statement of actual revenue published by National Treasury Cabinet Secretary Mr. Henry Rotich, indicates the taxman had a good start to the financial year that begun in July.
Full year target is Ksh1.215 trillion, which is 16.19 percent or Ksh170 billion higher than the Ksh1.05 trillion target for last fiscal year ended June 30.

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Public Sector Entities Urged to assign experienced officers to spearhead Budget Making Process

Ministries, State Departments and Agencies (MDAs) have been urged to assign experienced and competent officers who are able to spearhead budget making process in a bid to ensure that the government policies and programmes are well captured and funded accordingly.
National Treasury Principal Secretary Dr. Kamau Thugge said such officers include MDAs’ heads of budget, accounting, finance, planning, and human resource management and development.

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The MAFISD is responsible for coordinating macro-fiscal policies. It monitors closely fiscal and monetary policies, exchange rate and interest rates developments and provides monthly reports on recent economic developments. The Division, in liaison with other relevant institutions, is in charge of coordinating policies in the financial sector including such areas as: banks, non bank financial institutions micro-finance, insurance industry, retirement benefits, and the capital markets. The Division has the following three Sections: