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National Treasury CS Outlines Initiatives To Boost Kenya-Ethiopia Trade

 

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Nairobi, 7th October, 2019

 

Acting Cabinet Secretary for National Treasury and Planning Ambassador Ukur Yatani has called on residents of the Upper Eastern Region at the Kenya-Ethiopia border to take advantage of recently established One Stop Border Point (OSBP) in Moyale to boost trade between Kenya and Ethiopia. The CS said that the modern facility which is among other six in the country, was underutilized.

 

 

Request for memorandum to support the development of a National Insurance Policy Framework for Kenya

 

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Nairobi, 3rd October, 2019

 

Your memoranda and questionnaires should be forwarded via email at This email address is being protected from spambots. You need JavaScript enabled to view it. with a copy to This email address is being protected from spambots. You need JavaScript enabled to view it. by Tuesday, October 22, 2019.

 

 

Farewell dinner for outgoing Director General, Eastern Africa Regional Office of African Development Bank

 

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Nairobi, 27th September, 2019

 

 

Proposed Amendments to the Public Finance Management (National Government) Regulations, 2015

 

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Nairobi, 26th September, 2019

 

The comments may be forwarded to the Principal Secretary, National Treasury, P.O. Box 30007-00100, Nairobi; written memoranda should be delivered to the Office of Principal Secretary, National Treasury Building, Nairobi; or emailed to This email address is being protected from spambots. You need JavaScript enabled to view it. on or before 4th October, 2019 at 5.00 pm.

 

 

THE SIGNING OF THE EXCHANGE OF NOTES FOR THE MOMBASA GATE BRIDGE CONSTRUCTION PROJECT (I), THE MOMBASA SPECIAL ECONOMIC ZONE DEVELOPMENT PROJECT (I) AND GRANT FOR INFRASTRUCTURE DEVELOPMENT IN MOMBASA SPECIAL ECONOMIC ZONE IN DONGO KUNDU AREA

 

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Nairobi, 20th September, 2019

 

 

 

Restoration of Kenya Water Towers

 

Nairobi, 18th September, 2019

 

National Treasury Principal Secretary today held discussions on restoration of the country`s water towers with the EU Ambassador H.E (AMB) Simon Mordue.

 

Mr. Mordue said that the EU will continue supporting the Kenyan Government in its quest for lasting solutions in the restoration of the towers.

 

COMMENTS ON THE DRAFT 2019 BUDGET REVIEW AND OUTLOOK PAPER FOR THE MTEF FY 2020/21 – 2022/23 BUDGET

 

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Nairobi, 17th September, 2019

 

The Budget Review and Outlook Paper (BROP) is prepared in accordance with Section 26 of the Public Finance Management (PFM) Act, 2012 that requires its submission to Cabinet for approval by 30th September in each financial year. The approved BROP will subsequently be submitted to Parliament. In order to finalize the document, the National Treasury is expected by the provisions of the PFM Act to seek views from the institutions listed in the PFM Act, the public and any other interested persons or groups as specified in the relevant sections of the Act. In particular, the National Treasury is required to seek views of the following:

 

CS Statement on Division of Revenue Bill 2019

 

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Nairobi, 17th September, 2019

 

Press Release by Hon (Amb.) Ukur Yatani,
Ag. Cabinet Secretary / National Treasury and Planning
Following the Assent by HE the President of the Division of Revenue Bill, 2019


1. The National Treasury commends Parliament -- the Senate and the National Assembly -- for approving the Division of Revenue Bill (DoRB), 2019. The Bill allocates Ksh 378.1 billion to County Governments for FY 2019/20, of which Ksh 316.5 (or 84 percent) is the equitable share of revenue raised nationally, while Ksh. 61.6 billion (or 16 percent) comprise of conditional allocations to counties. It should be noted that the total allocation to counties for FY 2019/20 is 36.4 percent of the last audited shareable revenue.

 

 

CS Yatani holds discussions with EU delegation

 

Nairobi, 13th September, 2019 

 

 

The National Treasury and Planning Ag. Cabinet Secretary, Amb. Ukur Yatani held a discussion on Development Cooperation with a European Union delegation led by. Ms. Sandra Kramer, Director, West and East Africa at the Treasury Building.

 

 

British High Commissioner visits CS Yatani

 

Nairobi, 13th September, 2019

 

 

The National Treasury and Planning Ag. Cabinet Secretary, Amb. Ukur Yatani held a discussion on Development Cooperation with a British Delegation led by H.E. Ms. Jane Marriotte, British high Commissioner to Kenya at the Treasury Building.

 

 

KRA Times TowerThe Kenya Revenue Authority (KRA) collected Ksh76.83 billion in taxes last month. The continuing focus on growing inflows from the excise duty streams through ongoing crackdown on manufacturers.
Statement of actual revenue published by National Treasury Cabinet Secretary Mr. Henry Rotich, indicates the taxman had a good start to the financial year that begun in July.
Full year target is Ksh1.215 trillion, which is 16.19 percent or Ksh170 billion higher than the Ksh1.05 trillion target for last fiscal year ended June 30.


KRA missed the target for the 2014/15 year by a marginal 4.76 percent, collecting Ksh1.001 trillion which was however 3.86 percent more than the Ksh963 billion it netted in the year ended 2013/14. Last year’s revenues were boosted by intensified audits on transfer pricing by multinationals.
KRA Commissioner General Mr. John Njiraini, on July 1, backed electronic tax surveillance services through the iTax system and last year’s placing of senior staff on three-year contracts to boost collections this year.
“If we have already been able to achieve an annual growth of 15 percent for the last 10 years, we should even see better achievement in the future based on what we have put in place and the action that we are taking to also encourage Kenyans to partner and work with us”, Mr. Njiraini said.
The KRA had started this year with increased scrutiny on manufacturers and importers where it believes substantial revenue could be leaking.
The agency has embarked on a crackdown on manufacturers who have not complied with stringent excise licensing rules, a move Mr. Njiraini said will make manufacturers tax compliant.
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