Budget

The Directorate is headed by a Director General, reporting to the Principal Secretary, National Treasury. The main functions of the Directorate include:

• Formulate, implement and monitor macro-economic, fiscal and financial policies and regulations;
• Prepare annual Division of Revenue Bill and County Allocation of Revenue Bill; Coordinate financial and fiscal relations between the national and county governments;
• Analyse, monitor and evaluate bilateral and multilateral economic and financial affairs;
• Coordinate the preparation of the macro-fiscal framework to guide preparation and implementation of the budget;
• Assist county governments to develop their capacity for efficient, effective and transparent financial management;
• Formulate Competition and financial markets policies and regulations;
• Coordinate the implementation of Anti-Money laundering policies;
• Develop and operationalize policies to position Kenya as an International Financial Centre;
• Undertake National employment policy management;
• Develop policy and regulate carbon financing and trading;
• Assist county governments to develop their capacity for efficient, effective and transparent financial management in consultation with Cabinet Secretary, Devolution and Planning;
• Promote transparency, effective management and accountability with regard to public finances in the Public Service;
• Issue guidelines to national government entities with respect to financial matters and monitoring their implementation and compliance;
• Management of procurement and disposal of assets;
• Formulate procurement standards and policies and oversee their implementation;
• Coordinate preparation of budget for the national government;
• Undertake research to inform policy development.

The Directorate of Budget, Fiscal & Economic Affairs is organized into the following five (5) Technical Departments, each headed by a Director:

1. Budget Department
2. Macro and Fiscal Affairs Department
3. Financial and Sectoral Affairs Department
4. Inter-Governmental Fiscal Relations
5. Public Procurement Department