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Treasury News

Council of Governors courtesy call

 

Nairobi, 3rd February, 2021

 

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Launch of the 1st Anniversary of the Nairobi ICPD25 Summit

 

Nairobi, 27th January, 2021

 

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The National Treasury and Planning Cabinet Secretary Hon. Ambassador Ukur Yattani today lead celebrations in marking the 1st anniversary of Nairobi Summit on ICPD25.

 

In November 2019, the Government of Kenya, in conjunction with the Danish Government and The United Nations Population Fund (UNFPA) hosted the Nairobi Summit on ICPD25; centered on implementing the ICPD Programme of Action centered on Population issues.

 

 

Draft 2021 Budget Policy Statement

 

Nairobi, 25th January, 2021

 

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Download Draft 2021 BPS

 

 

Press Statement on Tranfers to Counties

Nairobi, 21st January, 2021

 

Download Press Statement 21.1.21

Download Press Statement 14.1.21

 

 

Credit Guarantee Scheme for MSMEs

 

Nairobi, 8th November, 2020

 

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Download Media Brief

 

The National Treasury & Planning Cabinet Secretary Hon. Amb. Ukur Yatani, witnessed the signing of guarantee agreements between the Government of Kenya and seven financial institutions, for the implementation of the Credit Guarantee Scheme for Micro, Small and Medium Term Enterprises (MSMEs).

 

Through the Scheme, businesses will now be able to access Government funding, channeled through the following banks: Co-operative, KCB, Absa, Stanbic, DTB, Credit Bank, and, NCBA.

 

 

 

TREASURY & PLANNING CS UKUR YATANI TO OPEN BUDGET HEARINGS

 

Nairobi, 27th November, 2020

 

Day 3 Webex Link:

https://kntke.webex.com/kntke/onstage/g.php?MTID=eddb61cb637c83872a209f8f4b0404774

password: Sector@2020

 

Nairobi, 26th November, 2020

 

Day 2 Webex Link:

https://kntke.webex.com/kntke/onstage/g.php?MTID=e374bc85017ef1d4a0371a8e87336d60f

password: Sector@2020

 

Nairobi, 25th November, 2020

 

Download CS Remarks - Public Hearings, November 2020

Download Highights of the 3rd Medium Term Plan - State Dept for Planning

Download Presentation on Post-Covid ERS - State Dept for Planning

Download TNTP Public Hearings Presentation - Macro & Fiscal Affairs Department

Download Media Advisory

 

The National Treasury & Planning Cabinet Secretary Hon. Amb. Ukur Yatani, will on Wednesday 25th November, 2020, from 9:00 am at the Amphitheatre of the Kenyatta International Convention Centre, deliver the keynote address to officially launch the Public Sector Hearings for the Financial Year 2021/22 and Medium-Term Budget Proposals.

WHAT

: Official Launch of Public Sector Hearing for the Financial Year

 

2021/22 and Medium Term Budget Proposals

WHEN

: Wednesday, 25th November, 2020 at 9:00 am

WHERE

: Amphitheatre, Kenyatta International Convention Centre

 

: Webex:

 

https://kntke.webex.com/kntke/onstage/g.php?MTID=efa17998800d17cf00

 
 

b14c39846edb65c

         
 

Password: Sector@2020>

 

: Twitter: @KeTreasury

 

: Facebook: https://www.facebook.com/thenationaltreasury/

       

WHO

: Hon. Amb. Ukur Yatani – CS, National Treasury & Planning

 

Cabinet Secretaries

 

Chief Administrative Secretaries

 

Principal Secretaries & Accounting Officers

 

Heads of Constitutional Commissions & Independent Offices

 

Chairperson, Budget & Appropriations Committee – National

 

Assembly

 

Development Partners

WHY

: This is a crucial part of the budget-making calendar incorporating

 

public participation as enshrined in Article 201 of the

 

Constitution.

 

###

   

 

 

Kenya Seeks $2.3 Billion Loan From IMF to Help Economic Recovery

 

Nairobi, 23rd November, 2020

 

https://www.bloomberg.com/news/articles/2020-11-23/kenya-seeks-2-3-billion-loan-from-imf-to-help-economic-recovery

 

 

 

Media Report on G20 Debt Service Suspension Initiative

 

Nairobi, 20th November, 2020

 

Download CS Statement

 

 

 

Launch of Kenya's First Comprehensive Insurance Cover for Civil Servants and National Youth Service Employees

 

Nairobi, 18th November, 2020

 

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Download Press Release

 

 

Public Sector Hearings for the FY 2021/22 and the Medium-Term Budget

 

Nairobi, 11th November, 2020

 

Download Press Release

 

 

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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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