Home

Motor Car Loan Scheme Fund

Welcome to The National Treasury's Website

The National Treasury is responsible for managing Kenya's National and County Levels of Government Finances. Read more.......

Treasury News

THE SIGNING OF THE EXCHANGE OF NOTES FOR THE MOMBASA GATE BRIDGE CONSTRUCTION PROJECT (I), THE MOMBASA SPECIAL ECONOMIC ZONE DEVELOPMENT PROJECT (I) AND GRANT FOR INFRASTRUCTURE DEVELOPMENT IN MOMBASA SPECIAL ECONOMIC ZONE IN DONGO KUNDU AREA

 

Download CS speech

 

Nairobi, 20th September, 2019

 

 

 

Restoration of Kenya Water Towers

 

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.

 

COMMENTS ON THE DRAFT 2019 BUDGET REVIEW AND OUTLOOK PAPER FOR THE MTEF FY 2020/21 – 2022/23 BUDGET

 

Download Press Release

Download Draft Paper

 

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:

 

CS Statement on Division of Revenue Bill 2019

 

Download Statement

 

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.

 

 

CS Yatani holds discussions with EU delegation

 

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.

 

 

British High Commissioner visits CS 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.

 

 

Launch of the FY 2020/21 and the Medium-Term Budget Preparation Process

 

Download CS's Speech

Download PAC Chair's Speech

Download Presentation on Recent Economic Developments

Download Key Highlights on MTP III Priorities

Download Presentation by D/Budget

 

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.

 

DRAFT PROCEEDS OF CRIME AND ANTI-MONEY LAUNDERING (CRIMINAL ASSETS RECOVERY FUND) (ADMINISTRATION) REGULATIONS, 2019

 

Download Public Notice

Download Regulations

Download Template for receiving comments

 

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—

 

CS calls on multi-agency team at the Port of Mombasa

 

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.

 

PUBLIC FINANCE MANAGEMENT (SOCIAL ASSISTANCE FUND) REGULATIONS, 2019

 

Download Public Notice

Download Regulations

Download Template

 

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—

 

The government has announced a new raft of austerity measures as it attempts to restore stability in the country’s finances.
National Treasury Cabinet Secretary Mr. Henry Rotich said the fresh measures would include cutting back on non-crucial budget allocations in key State departments, freezing non-essential spending and also pushing the taxman to enhance revenue collection.
Mr. Rotich said the move would ease widespread concerns about the country’s public finances by reducing the fiscal deficit and putting the economy on the right path to recovery.


“We are reviewing the budget to ensure that all expenditures first productive as much as possible and also areas we will slow down we will obviously do that so that we can achieve less borrowing in the market,” said Mr. Rotich.
He added: “Before we release funds to the ministries, we will be going into details, looking at those expenditures whether they are very necessary or not.”
As part of resource mobilization, Mr. Rotich said that the Kenya Revenue Authority, (KRA) had been tasked to come up with additional measures to improve collection of Value Added Tax, income and custom duties all of which he noted, witnessed significant declines at the start of the year.  “We are working very closely with KRA to ensure revenue collections remain on target.  We had challenges in the beginning of the year, but KRA has now come up with measures (to address this),” said Mr. Rotich in reference to the revenue gaps reported by KRA at the beginning of this year.
Mid this month, the National Treasury Principal Secretary, Dr. Kamau Thugge, disclosed that revenue shortfalls by the taxman to the period could have been as much as Kshs.12 billion.
While acknowledging that the Kenyan economy is facing headwinds fueled by a slowdown in the global economy, Mr. Rotich allayed fears of a financial meltdown, saying the worst was behind the country’s economy.
“This situation (cash crunch) is over, basically.  We have seen a return to normalcy in government in terms of our access of resources,” he said.
He added:  “Delays in meeting some of the demands does not in any way mean government is in a financial crisis.  We have never defaulted in our debts.  This talk of financial crisis is overblown in a way that does not reflect the economy of the country.”

========================END =========================================

Information

Career Opportunities
Agreements



Our Business Hours

We are here to serve you during the following business hours:

Monday to Friday: 9am to 5pm
Saturday and Sunday: Closed
Phone: +254 020 2252299
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.