Tag: Public Finance Management Act

Experts Urge Kenya to End Wasteful Budget Allocations to Ministries and Counties

by Chris Omondi -

Financial professionals advocate for the government to reconsider allocating billions of shillings to ministries and counties that lack the capacity to effectively utilize these funds. This practice leads to wasteful supplementary budgets, hampers development projects, and diminishes value for taxpayers, experts emphasize.During a post-budget public finance discussion hosted by the

Treasury PS Chris Kiptoo: Kenya Shifts to Accrual Accounting via IFMIS

by Chris Omondi -

Treasury Principal Secretary Chris Kiptoo has recently updated the public on Kenya's significant transition from cash-based to accrual-based accounting, reflecting the government's commitment to enhancing transparency and accountability in public finances. He emphasized the pivotal role of the Integrated Financial Management Information System (IFMIS) in facilitating this transformative reform.In a