Public Finance Management Act, 2012 (As amended) 🇰🇪

Kenya

Amendments

2023-11-02Public Finance Management (Amendment) Act, 2023

Preface

Part I – PRELIMINARY

1. Short title and commencement

2. Interpretation

3. Object of this Act

4. Declaration of entities as national government entities

5. Declaration of entities as county government entities

+1 more sections

Part II – PARLIAMENTARY OVERSIGHT OF NATIONAL FINANCES

7. Responsibilities of the National Assembly budget committee in public finance matters

8. Responsibilities of the Senate budget committee in public finance matters

9. Parliamentary Budget Office continued

10. Responsibilities of the Parliamentary Budget Office

Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH RESPECT TO THE MANAGEMENT AND CONTROL OF PUBLIC FINANCE

11. Establishment of the National Treasury

12. General responsibilities of the National Treasury

13. Powers of the National Treasury

14. Secondment of public officers by National Treasury to County Treasury

15. The National Treasury to enforce fiscal responsibility principles

+89 more sections

Part IV – COUNTY GOVERNMENT RESPONSIBILITIES WITH RESPECT TO MANAGEMENT AND CONTROL OF PUBLIC FINANCE

102. County government responsibilities in public finance

103. Establishment of county treasuries

104. General responsibilities of a County Treasury

105. Powers of a County Treasury

106. Secondment of public officers by a County Treasury to the National Treasury

+81 more sections

Part V – RELATIONS BETWEEN NATIONAL AND COUNTY GOVERNMENTS ON BUDGET AND ECONOMIC MATTERS

187. Establishment, purpose and composition of the Intergovernmental Budget and Economic Council

188. Vacation of office by a member

189. The process of sharing revenue

190. Recommendations of the Commission on Revenue Allocation

191. Bills allocating revenue and additional allocations

+5 more sections

Part VI – PUBLIC SECTOR ACCOUNTING STANDARDS BOARD

192. Establishment of the Board

193. Composition of the Board

194. Functions of the Board

195. Vacation of office and remuneration of Board members

Part VII – ENFORCEMENT PROVISIONS

196. Offences by public officers

197. Offences of financial misconduct

198. Other offences by public officers

199. Penalties for offences

200. Duty of Principal Secretary to report suspected offences to relevant law enforcement authority for investigation

+4 more sections

Part VIII – MISCELLANEOUS PROVISIONS

205. Powers of the Cabinet Secretary to make regulations

206. Protection of public officers from liability

207. Public participation

208. Repeal of certain Acts

209. Consequential amendments to other Acts

+1 more sections

FIRST SCHEDULE

1. Amendment of section 3 of Cap. 2

2. Amendment of Cap. 101

3. Amendment of section 20(1) of Urban Areas and Cities Act, 2011

SECOND SCHEDULE

1. Deployment of staff to county government

2. Performance of functions of Accounting Standards Board

3. Abolition of Treasury

4. Principal Secretary to the National Treasury

5. Accounting officers

+11 more sections

REPUBLIC OF KENYA

Public Finance Management Act, 2012 (As amended)

Act 18 of 2012

Assented to on 24 July 2012
Commenced on 27 August 2012
[This is the version of this document from 2 November 2023.]

[Amended by Public Finance Management (Amendment) Act, 2023 (Act 12 of 2023) on 2 November 2023]

An Act of Parliament to provide for the effective management of public finances by the national and county governments; the oversight responsibility of Parliament and county assemblies; the different responsibilities of government entities and other bodies, and for connected purposes.

Part I – PRELIMINARY

1. Short title and commencement

(1)This Act shall be cited as the Public Finance Management Act, 2012.

(2)Subject to Article 116(3) of the Constitution, all provisions relating to county governments under this Act shall come into operation upon the final announcement of the results of the first elections under the Constitution.

2. Interpretation

(1)In this Act, unless the context otherwise requires—“accoun…

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Public Finance Management Act, 2012 (As amended) 🇰🇪

Amendments

Table of Contents

REPUBLIC OF KENYA

Public Finance Management Act, 2012 (As amended)

Act 18 of 2012

Part I – PRELIMINARY

1. Short title and commencement

2. Interpretation

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