FAQ

What is the role of the National Treasury in the devolved system of Government? The National Treasury is mandated by law to:

• Strengthen financial and fiscal relations between the National Government and County Governments and encourage support for county governments in performing their functions. • Assist county governments to develop their capacity for efficient, effective and transparent financial management. • Prepare the annual Division of Revenue Bill and the County Allocation of Revenue Bill

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Why does the Government of Kenya incur Public Debt? What is the current debt status of the country?

(a) All borrowings are done through the Cabinet Secretary, and are for the following purposes: a) Financing government budget deficits; b) Honoring obligations under national government guarantees; c) Refinancing and pre-financing existing debts; d) For cash management; e) To finance development projects including on-lending to approved entities; As of the end of June 2020, Kenya’s

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Which are the functions of the National Treasury?

The functions of the National Treasury include: Overall Economic Policy Management, Management of Public Finance, Formulation of National Budget, Public Debt Management, Formulation and Maintenance of Government Accounting Standards, Bilateral and Multi-Lateral Financial Relations, Capital Markets Policy, Oversight over Revenue Collection as Prescribed under all Written Laws, Competition Policy Management, National Pensions Policy Management and

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