1. What is the National Treasury?
There is established, pursuant to Article 225 of the Constitution, an entity of the national government to be known as the National Treasury, whose general responsibilities are in section 12 of PFM Act 2012.
2. What is National Exchequer Account?
The National Treasury maintain the Consolidated Fund in an account known as the National Exchequer Account, kept at the Central Bank of Kenya
3. How is Kenya's economy performance recently?
The economy had an improved growth of 5.9 per cent in the first quarter of 2016 compared to a growth of 5.0 per cent in the same quarter 2015. This high growth in the first quarter of 2016 was supported by positive growths in all sectors of the economy. The sectors with improved performance were; agriculture, forestry and fishing (4.8 per cent), mining and quarrying (6.9 per cent), transport and storage (8.4 per cent), electricity and water supply (8.5 per cent), wholesale and retail trade (7.3 per cent), accommodation and restaurant (12.1 per cent) and information and communication (9.7 per cent). However, growth slowed in a number of sectors including; manufacturing, construction, finance and insurance and real estate
4. What are the National Government Financial Security?
These are securities issued by the national government under section 53 and a Treasury Bills, Treasury Bond, Treasury Note, Government stock and any other debt instruments issued by the National Government
5. What is Recurrent Expenditure?
These are expenditures that are incurred in operating the services provided by the national government; and in county government,
6. What is short term borrowing?
This is borrowing by a Government by way of Treasury Bills, Bank-Overdraft or other instrument to cover temporary cash shortfalls and is repayable within twelve months.
7. What is Public Sector Accounting Standards Board?
The Board provides frameworks and set generally accepted standards for the development and management of accounting and financial systems to be use by all State organs and public entities.