Rationalizing Tax Expenditures in Kenya The 2021 Tax Expenditure report is the first report to be pre-pared by the National Treasury with an aim of enhancing gov-ernment budget and fiscal transparency. To find out more on the impact of the tax expenditure report we spoke with team from National Treasury Macro & Fiscal Affairs Department.
Integrating Sound Financial Management in Schools: A Case of IPSAS Implementation Reforms in financial management systems and processes in public primary and secondary school are becoming critical in response to increasing demands for greater transparency and accountability in the management of how they utilize public finances.Poor budgeting has made it difficult for head teachers to…
Reforming Public Debt Governance in Kenya Good public financial management practice prescribes that public borrowing and the level of public debt have to be consistent with the overall fiscal framework to ensure macro-economic stability We had a one on one chat with National Treasury Public Debt Management Office (PDMO) Deputy Director, Livingstone Bumbe, to find…
Customs & Border Control Enhancing effective trade facilitation, be it for export or import, comes down to faster and efficient cargo clearance at the Port of Mombasa. Kenya Revenue Authority is spearheading a number of key reforms aimed at impacting positively on businesses in Kenya by providing them with more efficient and effective customs clearance…
Budget Transparency (BT) is defined as the full disclosure of all relevant fiscal information in a timely and systematic manner. Budget Transparency is a precondition for public participation in budget processes. To achieve this, The National Treasury has embarked on developing an easily accessible Budget Portal, aptly named Bajeti Yetu. The Portal is aimed at…
Strengthening Information Security for PFM ICT Systems In the Information Age, technology shapes every aspect of modern life, revolutionizing how institutions, societies, and nations operate. While the benefits are evident, the challenges, especially in terms of security and privacy, are equally pronounced. Public Financial Management (PFM) ICT systems, the foundation of financial governance, face a…
CRA Embarks On Refining the Draft Model Tariffs and Pricing Policy The Commission on Revenue Allocation (CRA) held a week-long stakeholder validation workshop aimed at refining the Draft Model Tariffs and Pricing Policy and Guide. The objective of the Tariffs and Pricing Policy is to provide a rationale for levying fees and charges, as well…
KISM Embarks on Professionalization of Public Procurement Officers in Public Sector The Kenya Institute of Supplies Management (KISM) in collaboration with the National Treasury & Economic Planning and Public Procurement Regulatory Authority (PPRA) commissioned a survey to establish and document the capacity of supply chain practitioners in the public sector. The survey was aimed at…
Reforming Public Investment Projects to Ensure Value for Money Over the past two decades, the country has witnessed a rapid increase in the level of domestic and externally funded projects. These capital intensive projects are crucial if the country is to achieve its strategic economic goals as outlined in the Kenya Vision 2030 blueprint. Nonetheless,…
Benefits on Electronic Government Procurement System in Kenya In recent years, there has been a growing trend towards the adoption of Electronic Government Procurement Systems (e-GP) by governments across the globe. This shift towards digitization of procurement processes has transformed the way governments purchase goods and services from suppliers. In Kenya, the adoption of e-GP…