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Nairobi, 10th September, 2019

 

Section 4 (a) of the Statutory Instrument Act, 2013 provides that “the object of this Act is to provide a comprehensive regime for the making, scrutiny, publication and operation of statutory instruments by requiring regulation-making authorities to undertake appropriate consultation before making statutory instruments”. In addition, Section 5 (3) of the Statutory Instrument Act, 2013 states that “without limiting by implication the form that consultation referred to in subsection (1) might take, the consultation shall—

 

 

Nairobi, 19th August, 2019

 

The Africa Development Bank Group Chief Executive Officer, Cheptoo Amos Kipronoh paid the CS a courtesy call. Present was the National Treasury Senior Economic Adviser, Dr. Geoffrey Mwau.

 

 

Nairobi, 18th September, 2019

 

National Treasury Principal Secretary today held discussions on restoration of the country`s water towers with the EU Ambassador H.E (AMB) Simon Mordue.

 

Mr. Mordue said that the EU will continue supporting the Kenyan Government in its quest for lasting solutions in the restoration of the towers.

 

 

Mombasa, 6th September, 2019

 

Acting National Treasury Cabinet Secretary Ukur Yatani has called on Government multi-agency team working at the Port of Mombasa to work closely with all stakeholders operating from the port to swiftly address bottlenecks that impede clearance of goods.


He said that while the Mombasa port was a premier port in the East African Region and has even higher potential to generate more revenue for the government, unnecessary bureaucracy should be done away with.

 

 

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Nairobi, 16th August, 2019

 

 

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Nairobi, 17th September, 2019

 

The Budget Review and Outlook Paper (BROP) is prepared in accordance with Section 26 of the Public Finance Management (PFM) Act, 2012 that requires its submission to Cabinet for approval by 30th September in each financial year. The approved BROP will subsequently be submitted to Parliament. In order to finalize the document, the National Treasury is expected by the provisions of the PFM Act to seek views from the institutions listed in the PFM Act, the public and any other interested persons or groups as specified in the relevant sections of the Act. In particular, the National Treasury is required to seek views of the following:

 

 

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Nairobi, 2nd September, 2019

 

Section 4 (a) of the Statutory Instrument Act, 2013 provides that “the object of this Act is to provide a comprehensive regime for the making, scrutiny, publication and operation of statutory instruments by requiring regulation-making authorities to undertake appropriate consultation before making statutory instruments”. In addition, Section 5 (3) of the Statutory Instrument Act, 2013 states that “without limiting by implication the form that consultation referred to in subsection (1) might take, the consultation shall—

 

 

Nairobi, 16th August, 2019

 

National Treasury Principal Secretary Dr. Julius Muia has expressed a need for a digital based software to track Duty and Value Addition Tax (VAT) in to a bid to check revenue losses.


He said that in this era of digital age, manual tracking of taxes should be done away with noting that the latter encouraged lack of integrity and corruption.

 

 

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Nairobi, 17th September, 2019

 

Press Release by Hon (Amb.) Ukur Yatani,
Ag. Cabinet Secretary / National Treasury and Planning
Following the Assent by HE the President of the Division of Revenue Bill, 2019


1. The National Treasury commends Parliament -- the Senate and the National Assembly -- for approving the Division of Revenue Bill (DoRB), 2019. The Bill allocates Ksh 378.1 billion to County Governments for FY 2019/20, of which Ksh 316.5 (or 84 percent) is the equitable share of revenue raised nationally, while Ksh. 61.6 billion (or 16 percent) comprise of conditional allocations to counties. It should be noted that the total allocation to counties for FY 2019/20 is 36.4 percent of the last audited shareable revenue.

 

 

 

Nairobi, 29th August, 2019

 

The Danish government will support Kenya to the tune of Sh 13 billion in the next Danish support to Kenya development Programme, Danish Ambassador H.E Mette Knudsen has said.


She further said that the Danish government will soon disburse some sh 468,750,000 to support health facility operations and maintenance in all the 47 Counties under the Universal Health Care programme. She said that the amount, which is fifty per cent of the funds allocated for the financial year 2019/20, will shortly be expended to the National Treasury for onward disbursement to the counties.

 

 

Nairobi, 15th August, 2019

 

National Treasury Principal Secretary, Dr Julius Muia has called on the recently launched Kenya Mortgage Refinancing Company, KMRC, to mount an aggressive awareness creation campaign so that mortgage uptake could significantly support the governments’ universal housing agenda.

 

 

Nairobi, 13th September, 2019 

 

 

The National Treasury and Planning Ag. Cabinet Secretary, Amb. Ukur Yatani held a discussion on Development Cooperation with a European Union delegation led by. Ms. Sandra Kramer, Director, West and East Africa at the Treasury Building.

 

 

 

Nairobi, 27th August, 2019

 

National Treasury Chief Administrative Secretary CAS Nelson Gaichuhie has assured development partners that the government is open to discussion on any issue surrounding Public debt management.


He said that the government will always put in place safeguards that will ensure that public debt does not soar beyond acceptable levels.

 

 

Nairobi, 19th August, 2019

 

The Rockfeller Foundation Vice President paid a courtesy call to Ag. National Treasury and Planning Cabinet Secretary Amb. Ukur Yatani.

 

 

Nairobi, 13th September, 2019

 

 

The National Treasury and Planning Ag. Cabinet Secretary, Amb. Ukur Yatani held a discussion on Development Cooperation with a British Delegation led by H.E. Ms. Jane Marriotte, British high Commissioner to Kenya at the Treasury Building.

 

 

 

Nairobi, 21st August, 2019

 

The National Treasury Ag. Cabinet Secretary Ukur Yatani has promised to allocate more resources to the Kenya Revenue Authority (KRA) for automation and installation of scanners at the revenue collection points. Yatani gave the assurance while addressing the KRA staff at the Times Tower Building.

 

 

Kitui, 9th August, 2019

 

The government has reiterated its commitment to upscale the absorption of technical skills among the youth as an enabler to actualize the Big Four Agenda, Francis Musyimi, Principal Administrative Secretary National Treasury has said.


Speaking on Friday after the official opening of Kyuso Empowerment Centre in Mwingi North Constituency on behalf of Principal Secretary National Treasury Dr Julius Muia, Musyimi challenged the youth to take up skill empowerment opportunities to improve their livelihoods.


‘I would like to urge the youth to come for these loans availed through several affirmative actions. Apply and secure funds to start your own business to improve your livelihoods,’ observed the Principal Administrative Secretary.

 

 

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Nairobi, 12th September, 2019

 

 

The National Treasury and Planning Ag. Cabinet Secretary, Amb. Ukur Yatani was the Chief Guest during the Launch of FY 2020/21 and Medium -Term Budget preparation Process at the KICC.

 

 

Nairobi, 20th August, 2019

 

The Government of Kenya supports the strengthening of bilateral relations with the Government of Japan. The assurance was given by the National Treasury Acting Cabinet Secretary Amb. Ukur Yatani to the Japanese Ambassador to Kenya H.E. Ryoichi Horie who had paid a courtesy call at his office in the Treasury Building.