Budget statement delivered to the National Assembly on 14th June, 2012, by Hon.Robinson Njeru Githae, EGH, M.P., Minister For Finance, Republic of Kenya, when presenting The Budget For Fiscal Year 2012/2013
The Government borrowing requirement and the level of public debt has been consistent with the overall fiscal framework supporting macro-economic stability for sustainable growth over the medium term. It is anchored on the Medium Term Debt Strategy (MTDS) revised annually and tabled in Parliament as part of the documents supporting Budget Estimates. The Government debt…
The Government of Kenya (GOK) is currently implementing Vision 2030, the country’s development blueprint covering the period 2008 to 2030. The aim of Vision 2030 is to transform Kenya into a newly industrialized middle-income country, providing high quality of life to all its citizens by the year 2030. This Vision 2030 aspires for a country…
The Ministry of Finance is providing the following information on external public debt as part of the ongoing initiative to disseminate comprehensive information on economic and financial management to the general public.
The current global financial crisis and changing outlook for sources of external finance highlights the importance of developing domestic market. The high volatility of interest rates and exchange rates require that the cost of borrowing should be properly assessed and measures taken to mitigate risks. The slowdown in economic growth witnessed during the financial year…
The Public Procurement and Disposal General Manual (PPDGM) has been issued by the Public Procurement Oversight Authority (PPOA) for the purpose of: Providing guidance to public officials who are responsible for the public procurement processes, Auditors, Public Finance Managers, Accountants and Administrators in their everyday work relating to public procurement. It is also expected to…
An Act of Parliament to provide for the privatization of public assets and operations, including state corporations, by requiring the formulation and implementation of a privatization programme by a Privatization Commission to be established by this Act and for related purposes.
The purpose of this Act is to establish procedures for procurement and the disposal of unserviceable, obsolete or surplus stores and equipment by public entities to achieve the following objectives – to maximise economy and efficiency; to promote competition and ensure that competitors are treated fairly; to promote the integrity and fairness of those procedures;…
An Act of Parliament to promote and facilitate investment by assisting investors in obtaining the Licences necessary to invest and by providing other assistance and incentives and for related purposes.