Describe the process of Budget preparation and implementation in Kenya.

      

Describe the process of Budget preparation and implementation in Kenya.

  

Answers


Kavungya
Three months before the end of each financial year, the head of each department or State organ submits estimates of revenues and expenditures for the following year to the secretary for finance.
Two months before the end of each financial year, the Cabinet Secretary for finance submits to the National Assembly estimates of the revenue and expenditure of the national government for the following financial year.
He also submits a detailed national fiscal, monetary and development plan for a period of three years prepared by him in collaboration with the Secretary responsible for planning and national development.
The estimates include estimates for expenditure from the Equalization Fund.
The National Assembly then considers the estimates submitted together with the estimates submitted by the Parliamentary Service Commission and the Chief Registrar of the Judiciary.
Before the National Assembly considers the estimates of revenue and expenditure, a committee of the Assembly will discuss and review the estimates and make recommendations to the Assembly.
Committee makes its recommendations to the National Assembly.
When the estimates have been approved by the National Assembly, there will be an Appropriation Bill, introduced into the National Assembly to authorize the withdrawal from the Consolidated Fund of the money needed for the expenditure.
The Appropriation Bill will not include expenditures that are charged on the Consolidated Fund.
Kavungya answered the question on May 13, 2019 at 06:31


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