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Treasury News

Council of Governors courtesy call

 

Nairobi, 3rd February, 2021

 

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Launch of the 1st Anniversary of the Nairobi ICPD25 Summit

 

Nairobi, 27th January, 2021

 

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The National Treasury and Planning Cabinet Secretary Hon. Ambassador Ukur Yattani today lead celebrations in marking the 1st anniversary of Nairobi Summit on ICPD25.

 

In November 2019, the Government of Kenya, in conjunction with the Danish Government and The United Nations Population Fund (UNFPA) hosted the Nairobi Summit on ICPD25; centered on implementing the ICPD Programme of Action centered on Population issues.

 

 

Draft 2021 Budget Policy Statement

 

Nairobi, 25th January, 2021

 

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Download Draft 2021 BPS

 

 

Press Statement on Tranfers to Counties

Nairobi, 21st January, 2021

 

Download Press Statement 21.1.21

Download Press Statement 14.1.21

 

 

Credit Guarantee Scheme for MSMEs

 

Nairobi, 8th November, 2020

 

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Download Media Brief

 

The National Treasury & Planning Cabinet Secretary Hon. Amb. Ukur Yatani, witnessed the signing of guarantee agreements between the Government of Kenya and seven financial institutions, for the implementation of the Credit Guarantee Scheme for Micro, Small and Medium Term Enterprises (MSMEs).

 

Through the Scheme, businesses will now be able to access Government funding, channeled through the following banks: Co-operative, KCB, Absa, Stanbic, DTB, Credit Bank, and, NCBA.

 

 

 

TREASURY & PLANNING CS UKUR YATANI TO OPEN BUDGET HEARINGS

 

Nairobi, 27th November, 2020

 

Day 3 Webex Link:

https://kntke.webex.com/kntke/onstage/g.php?MTID=eddb61cb637c83872a209f8f4b0404774

password: Sector@2020

 

Nairobi, 26th November, 2020

 

Day 2 Webex Link:

https://kntke.webex.com/kntke/onstage/g.php?MTID=e374bc85017ef1d4a0371a8e87336d60f

password: Sector@2020

 

Nairobi, 25th November, 2020

 

Download CS Remarks - Public Hearings, November 2020

Download Highights of the 3rd Medium Term Plan - State Dept for Planning

Download Presentation on Post-Covid ERS - State Dept for Planning

Download TNTP Public Hearings Presentation - Macro & Fiscal Affairs Department

Download Media Advisory

 

The National Treasury & Planning Cabinet Secretary Hon. Amb. Ukur Yatani, will on Wednesday 25th November, 2020, from 9:00 am at the Amphitheatre of the Kenyatta International Convention Centre, deliver the keynote address to officially launch the Public Sector Hearings for the Financial Year 2021/22 and Medium-Term Budget Proposals.

WHAT

: Official Launch of Public Sector Hearing for the Financial Year

 

2021/22 and Medium Term Budget Proposals

WHEN

: Wednesday, 25th November, 2020 at 9:00 am

WHERE

: Amphitheatre, Kenyatta International Convention Centre

 

: Webex:

 

https://kntke.webex.com/kntke/onstage/g.php?MTID=efa17998800d17cf00

 
 

b14c39846edb65c

         
 

Password: Sector@2020>

 

: Twitter: @KeTreasury

 

: Facebook: https://www.facebook.com/thenationaltreasury/

       

WHO

: Hon. Amb. Ukur Yatani – CS, National Treasury & Planning

 

Cabinet Secretaries

 

Chief Administrative Secretaries

 

Principal Secretaries & Accounting Officers

 

Heads of Constitutional Commissions & Independent Offices

 

Chairperson, Budget & Appropriations Committee – National

 

Assembly

 

Development Partners

WHY

: This is a crucial part of the budget-making calendar incorporating

 

public participation as enshrined in Article 201 of the

 

Constitution.

 

###

   

 

 

Kenya Seeks $2.3 Billion Loan From IMF to Help Economic Recovery

 

Nairobi, 23rd November, 2020

 

https://www.bloomberg.com/news/articles/2020-11-23/kenya-seeks-2-3-billion-loan-from-imf-to-help-economic-recovery

 

 

 

Media Report on G20 Debt Service Suspension Initiative

 

Nairobi, 20th November, 2020

 

Download CS Statement

 

 

 

Launch of Kenya's First Comprehensive Insurance Cover for Civil Servants and National Youth Service Employees

 

Nairobi, 18th November, 2020

 

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Download Press Release

 

 

Public Sector Hearings for the FY 2021/22 and the Medium-Term Budget

 

Nairobi, 11th November, 2020

 

Download Press Release

 

 

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The Government recognized that the Budget Rationalization Programme could not by itself achieve the higher level of strategic investment planning. The strategic investment planning was expected to be the basis of the forward and Annual Budget exercises. GoK therefore introduced the Public Investment Programme (PIP). The main rationale for introducing the PIP was to strengthen the forward budget by providing a more comprehensive instrument for planning and prioritization of public expenditures.
PIP had six major objectives which were:
  Strengthen the project cycle, namely the identification, design, appraisal, implementation, monitoring and evaluation of projects;It was to become an instrument of economic management used to monitor public sector capital formation targets, and to ensure that sectoral strategies are translated into projects and programmes;Become a tool for better aid coordination to assist in the matching of Government investment needs with donor financing opportunities Strengthen overall public expenditure management by sharpening departmental priorities, improving the phasing of projects and relating their total implementation costs and subsequent operating costs to recurrent and development ceilings Be used to monitor the investment plans of state corporations that may directly or indirectly impinge on the government finances and
   To allow accurate forecasting of future recurrent expenditure demands on financial resources. Development partners played a key role in the introduction of the PIP as they also provided technical assistance for the implementation and institutionalisation of the exercise into the budgeting process. By 1994 some progress had been made as the PIP was now being coordinated by the Ministry of Planning and National Development and the annual timetable had incorporated PIP as a key input to the annual budget and in this way it was able to influence the budget exercise. However despite all these improvements the major weaknesses in budgeting for capital investments continued as the completion rate of programmes was as low as 3%. Many projects had stalled some as complete as 90% and this applied not only to government funded projects but also to donor funded programmes. These projects had also generated pending bills whose deficit on a commitment basis had gone up as the hard budget constraint translated into informal funding.

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