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Request for Memorandum for the Development of The Public Procurement and Asset Disposal Policy

 

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Download Counties Participation Programme

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Members of the Public are requested to submit a memorandum on issues of interest for consideration. The memorandum can be forwarded via email to This email address is being protected from spambots. You need JavaScript enabled to view it. with a copy to This email address is being protected from spambots. You need JavaScript enabled to view it.. Hard copy submissions should be sent to

 

Principal Secretary

National Treasury & Planning

P.O. Box 30007-00100 Nairobi

 

 

The official opening of the 5th Credit Information Sharing (CIS) Africa Conference

 

Nairobi, 13th February, 2020

  

The 5th edition of the Credit Information Sharing (CIS) Conference was held today in an event that was graced by The National Treasury, the Central Bank, the World Bank among other key stakeholders from all over Africa and the world. The main aim of the conference is to enhance credit information sharing while building a robust credit system in Kenya.

 

 

Budget Policy Statement

 

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Nairobi, 14th February, 2020

 

 

 

 

Framework Agreement between the government of the French Republic and the government of the Republic of Kenya Signed

 

Nairobi, 29th January, 2020

 

Treasury and Planning Cabinet Secretary (Amb) Ukur Yatani has lauded the cordial relationship between the French and Kenyan Governments.
He said that Kenya and the government of France continue to enjoy very solid development cooperation, economic and business relations spanning over decades.

 

 

Draft 2020 Budget Policy Statement

 

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Download Draft Budget Policy Statement

 

Nairobi, 17th January, 2020

 

Section 25 of the Public Finance Management (PFM) Act, 2012 requires the National Treasury to seek and take into account the views of stakeholders and the public in preparing the Budget Policy Statement (BPS) before submission to Cabinet for approval and subsequently submission to Parliament. In particular, Section 25 of PFM Act requires the National Treasury to seek views of the following:

 

 

Public Finance Management (Coffee Cherry Advance Revolving Fund) Regulations, 2019

 

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Nairobi, 15th January, 2020

 

 

 

Hon (Amb) Ukur Yattani, EGH, On Status of Payment of Pending Bills by National Government Ministries, Departments And Agencies (MDAs) and County Governments

 

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Download Pending Bills for MDAs

Download Pending Bills for Counties

 

 

125,000 seedlings for Mua Hills

 

The government is committed to increasing the trees cover from the current 7% to 10% by 2022. This was affirmed by the State Department of Environment Principal Secretary Ms. Betty Maina during the Launch of Greening Mua Hills Initiative at Mua Hills, Machakos County.

 

 

Resource Mobilization due to the Landslides and Floods in the Country

 

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STAKEHOLDER ENGAGEMENT WORKSHOP ON DISASTER RISK FINANCING AND OFFICIAL DISSEMINATION OF KENYA’S DISASTER RISK FINANCING STRATEGY

 

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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.”

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