The 2018 Finance Act, one of the most controversial in recent times, was passed into law on 21st September 2018 despite public opposition. Today we're joined by Mokeira Nyagaka, a research analyst at the International Budget Partnership Kenya, to talk about public finance, which is the management of a country’s revenue, expenditure and debt through government institutions.
Do our public finance policies help us achieve growth, stability, equity and efficiency? Are they in line with our constitution? What is a finance bill, and what is its role in public finance? What are the other laws that govern public finance in Kenya, and how do they interact? Is revenue shared equitably between the national government and county governments? What does Kenya's debt position mean for our future? What is the role of the Kenyan public when it comes to public finance? Press play to find out!
Resources
The 2018 budget speech in full
The Public Finance Management Act (2012)
The Budget Policy Statement (BPS), 2018
The Consolidated Fund Services (CFS) Report by the Controller of Budget
Quarterly Economic and Budgetary Review
How Much Should Counties in Kenya Receive in 2018/19?
How Fair are Revenue Sharing Mechanisms in Fighting Intra-County Inequalities in Kenya?
Budget Transparency: Kenyan Perspective
Deliberating Budgets: How Public Deliberation Can Move Us Beyond the Public Participation Rhetoric
The Kenyan Public Finance Management Act 2012 FAQ (Frequently Asked Questions) For Citizens
Public Participation Under Kenya’s New Public Financial Management Law and Beyond