Home

Welcome to The National Treasury's Website

The National Treasury is responsible for managing Kenya's National and County Levels of Government Finances. Read more.......

Treasury News

Kenya and Portugal sign avoidance of double taxation agreement

 

Download Talking Notes

 

 

Signing ceremony in Lisbon between Kenya 🇰🇪 and Portugal 🇵🇹 for avoidance of double taxation done Tuesday 10th, 2018.

 

Signing was done at the Ministry of Foreign Affairs of Portugal in Lisbon. It was signed by Cabinet Secretary, National Treasury &Planning Henry Rotich and António Mendonça Mendes, Secretary of State of Tax Affairs, Portugal and witnessed by Teresa Almeida, Secretary of State of Foreign Affairs and Cooperation, Portugal.

 

Avoidance of double taxation will create a conducive environment for investments and trade in goods and services between the countries by removing uncertainties on taxation occasioned by having two different jurisdictions at play.

 

The Draft Public Finance Management (Climate Change Fund) Regulations, 2018

 

Download Public Notice

Download Draft Regulations

 

The Climate Change Fund (CCF) establishment is provided for under Section 25 of the Climate Change Act, 2016 as a financing mechanism for the priority climate change actions and interventions.

 

The National Treasury has finalized preparing the draft Public Finance Management (Climate Change Fund) Regulations, 2018 which have been posted to the National Treasury website www.treasury.go.ke.

 

US Companies to collaborate with Government in implementation of Big 4 Agenda

 

Nairobi, June 29, 2018

 

 

Treasury CS Henry Rotich sign an MOU with US Undersecretary for Commerce Mr Gilbert Kaplan at Treasury Building today where US companies will collaborate with the Government of Kenya in implementation of the big 4 Agenda of Jubilee government.

 

Some of the already identified projects are the 500,000 affordable housing units to be put up in the next four years, the leasing of health equipment and the road from Mombasa to Nairobi.

 

Mr Kaplan is leading a big delegation from the United States of America comprising of the US President's Advisory Council for doing business in Africa, US Private Sector players and the US government officials.

 

Present to witness the signing was the US Ambassador to Kenya Mr Robert Codec.

 

Kenya Government and United Nations Launch United Nation Development Assistance Framework (UNDAF) 2018 -2022

 

Nairobi, June 26, 2018

 

Download speech

 

 

From Left to Right: Cabinet Secretary Devolution and Arid and Semi Arid Lands (ASAL),  Eugene Wamalwa,   Cabinet Secretary  National Treasury and Planning , Henry Rotich  and United Nations Resident Coordinator /UNDP RR, Mr Siddharth Chatterjee officially sign United Nations Development Assistance Framework for Kenya (UNDAF) 2018 - 2022  today, June 26, 2018 at Panafric Hotel in Nairobi.

 

Signing Ceremony of Credit Facility Agreements with the French Development Agency (AFD)

 

Nairobi, June 21, 2018

 

 

Cabinet Secretary, National Treasury and Planning, Mr. Henry Rotich (2nd Right) and Director General /Chief Executive Officer, French Development Agency (AFD), Mr. Remy Rioux (3rd left) sign Credit Facility Agreements on June 21, 2018 at the National Treasury building in Nairobi. Witnessing the signing are among others: Cabinet Secretary for Water and Sanitation, Mr Simon Chelugui (Right) and the French Ambassador to Kenya , Mrs Kim Ramoneda (2nd Left).  
 
 

Signing Ceremony of Credit Facility Agreements with the French Development Agency (AFD)

 

Nairobi, June 21, 2018

 

 

 

 

 

Cabinet Secretary, National Treasury and Planning, Mr. Henry Rotich (2nd Right) and Director General /Chief Executive Officer, French Development Agency (AFD), Mr. Remy Rioux (3rd left) sign Credit Facility Agreements on June 21, 2018 at the National Treasury building in Nairobi. Witnessing the signing are among others: Cabinet Secretary for Water and Sanitation, Mr Simon Chelugui (Right) and the French Ambassador to Kenya , Mrs Kim Ramoneda (2nd Left).  
 
 

Public-Private Partnership (PPP) Disclosure Web Portal Launch

 

Nairobi, June 19, 2018

 

Download speech

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich (Right) greets other participating officials after cutting a ribbon to officially launch the Public-Private Partnership (PPP) Projects Disclosure Web Portal Launch today, June 19, 2018 at Intercontinental hotel in Nairobi. The National Treasury, through the PPP Unit, is responsible for the overall coordination, promotion, and oversight of the implementation of the PPP program in the country, according to Kenya PPP program status report June 2018, which states that there are 72 PPP Projects in the pipeline.

 

CS Henry Rotich addresses the Press after presenting the 2018 – 2019 Budget Estimates

 

Nairobi, June 15, 2018

 

 

National Treasury and Planning Cabinet Secretary, Henry Rotich flanked by among other, Chief Administrative Secretary, Nelson R. Gaichuhie (2nd Left), Principal Secretary, Dr Kamua Thugge, National Treasury (2nd right) and Principal Secretary, Planning, Dr. Julius Muia, addresses the Press on Thursday, June 14, 2018 after presenting the 2018 – 2019 Budget Estimates of about 3 trillion at the National Assembly in Nairobi. The East frican Community member states: Tanzania, Uganda and the others, also presented their budget estimates for 2018 - 2019. 

 

CS Henry Rotich Reads 2018 – 2019 Budget Estimates

 

Nairobi, June 14, 2018

 

 

 

 

The National Treasury and Planning Cabinet Secretary, Henry Rotich arrives and welcomed by Senior Deputy Clerk, National Assembly, Michael Sialai at the the National Assembly before he presents his  2018 – 2019 Budget Estimates of Sh 2,550.5 billion today, June 14, 2018. 

 

Budget Statement 2018-19

 

Download the Highlights of the Budget Statement 2018-19

 

Download the Budget Statement 2018-19

 

Kenya’s sound macroeconomic management and economic resilience built over the years has enabled the country to maintain strong economic growth and stability.
The Director General of Budget, Fiscal and Economic Affairs in the National Treasury Dr. Geoffrey Mwau, said Kenya’s economic growth prospects continues to remain stable due to the strong foundation of economic transformation.


 “In 2014, the economy grew by 5.3 percent and is estimated to expand by 6.5 to 7.0 percent in 2015, rising further to 7.0 percent over the medium term”, Dr. Mwau said.
The Director General of Budget, Fiscal and Economic Affairs was speaking at Kenyatta International Convention Centre (KICC) Nairobi after making a presentation to the Budget Sector Working groups on the state of the economy and the macroeconomic outlook for financial year 2016/17 and the medium-term.
“The various priority economic policies, structural reforms and Sectoral expenditure programmes outlined in the 2015 Budget Policy Statement will address challenges to economic outlook, bolster resilience to shocks and foster sustained high and inclusive growth as part of the strategy of enhancing economic transformation for a shared prosperity”, Dr. Mwau added.
He said the country’s growth prospects is favourable and is expected to be boosted by fairly good amount of rainfall and implementation of strategic interventions to revamp agriculture and energy sectors, adding that the completion of  infrastructure projects such as Standard Gauge Railway, roads and energy generation will create employment and reduce poverty.
“Stable macroeconomic environment characterized by low inflation, and stable interest rates and exchange rate will improve the country’s competitiveness and boost investments”, said Dr. Mwau.
Further structural reforms on improving competitiveness of the private sector and promoting overall productivity in the economy, he said, will be undertaken, adding that exports will continue to benefit from the initiative to deepen regional integration and promote Kenya’s exports globally.
“The agenda focuses on locking in a solid, sustained and balanced growth that opens economic opportunity and provides a better future for all Kenyans”, the Director General said.
On monetary policy, Dr. Mwau said the country will strive to maintain a stable inflation of around 5 percent interest rates and exchange rates and strengthen the international reserves position to over 4.5 months of import cover.
He said fiscal policy will support rapid economic growth and ensure the debt position remains sustainable while at the same time supporting the devolved system of government.
“The focus of Government is and will be on programmes that will end poverty through job creation, entrenching human lives, engendering human potential and security prosperity for all Kenyans”, the Director General said.
Dr. Mwau however pointed out the challenges in the macroeconomic environment such as public expenditure pressure, especially recurrent expenditure which continue to pose a fiscal risk to the economy.
Wage pressure and the inefficiencies in the devolved services, he said, may limit continued flow of funding for development expenditure.
“The impact of insecurity on tourism, and depressed rainfall which could affect exports and agricultural production, continued weak growth in advanced economies that will impact negatively on our exports and tourism activities, and geopolitical uncertainty on the international oil market will slow down the manufacturing sector”, added Dr. Mwau.
Dr. Mwau said the government has negotiated a stand-by arrangement and stand-by credit facility (SBA/SCF) of US$688.3 million to mitigate against exogenous shocks which might affect public investments.
He further said the government will continue to construct dams for irrigation, to enhance food security and to modernize security systems in a bid to eradicate insecurity and to attract investments and tourists to the country.
        o………………………………Ends……………………………..o

Information

Career Opportunities
Agreements



Our Business Hours

We are here to serve you during the following business hours:

Monday to Friday: 9am to 5pm
Saturday and Sunday: Closed
Phone: +254 020 2252299
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.