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Draft 2020 Budget Policy Statement

 

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Download Budget Policy Statement

 

Nairobi, 17th January, 2020

 

Section 25 of the Public Finance Management (PFM) Act, 2012 requires the National Treasury to seek and take into account the views of stakeholders and the public in preparing the Budget Policy Statement (BPS) before submission to Cabinet for approval and subsequently submission to Parliament. In particular, Section 25 of PFM Act requires the National Treasury to seek views of the following:

 

 

Public Finance Management (Coffee Cherry Advance Revolving Fund) Regulations, 2019

 

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Nairobi, 15th January, 2020

 

 

 

THE FINANCIAL YEAR 2020/21 AND THE MEDIUM TERM EXPENDITURE FRAMEWORK (MTEF) BUDGET

 

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Nairobi, 2nd January, 2020

 

 

Hon (Amb) Ukur Yattani, EGH, On Status of Payment of Pending Bills by National Government Ministries, Departments And Agencies (MDAs) and County Governments

 

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125,000 seedlings for Mua Hills

 

The government is committed to increasing the trees cover from the current 7% to 10% by 2022. This was affirmed by the State Department of Environment Principal Secretary Ms. Betty Maina during the Launch of Greening Mua Hills Initiative at Mua Hills, Machakos County.

 

 

Resource Mobilization due to the Landslides and Floods in the Country

 

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Request for Memorandum to Support the Development of the Public Procurement and Asset Disposal Policy

 

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Members of the Public are requested to submit a memorandum on issues of interest for consideration. The memorandum can be forwarded via email to 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.. Hard copy submissions should be sent to

 

 

STAKEHOLDER ENGAGEMENT WORKSHOP ON DISASTER RISK FINANCING AND OFFICIAL DISSEMINATION OF KENYA’S DISASTER RISK FINANCING STRATEGY

 

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LAUNCH OF THE COST OF HUNGER IN AFRICA (COHA) KENYA STUDY REPORT AT KENYATTA INTERNATIONAL CONVENTION CENTRE (KICC), NAIROBI

 

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Nairobi, 21st November, 2019

 

 

Proposed Debt Policy and Borrowing Framework - Invitation for Comments

 

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Download Policy Framework

 

Nairobi, 12th November, 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 the 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 22 November 2019 at 5.00PM.

 

 

 

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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