RESPONSIBILITIES OF NATIONAL TREASURY IN KENYA

formulate, implement and monitor macro-economic policies involving expenditure and
revenue;
2.
manage the level and composition of national public debt, national guarantees and other
financial obligations of national government within the framework of this Act and
develop a framework for sustainable debt control;
3.
formulate, evaluate and promote economic and financial policies that facilitate social and
economic development in conjunction with other national government mobilize domestic and external resources for financing national and county government
budgetary requirements;
5.
design and prescribe an efficient financial management system for the national and
county governments to ensure transparent financial management and standard financial
reporting as contemplated by Article 226 of the Constitution:
6.
Provided that the National Treasury shall prescribe regulations that ensure that operations
of a system under this paragraph respect and promote the distinctiveness of the n consultation with the Accounting Standards Board, ensure that uniform accounting
standards are applied by the national government and its entities;
8.
develop policy for the establishment, management, operation and winding up of public
funds;
9.
within the framework of this Act and taking into consideration the recommendations of
and county levels of government; e Commission on Revenue Allocation and the Intergovernmental Budget and Economic
Council, prepare the annual Division of Revenue Bill and the County Allocation of
Revenue Bill;
10. strengthen financial and fiscal relations between the national government and county
governments and encourage support for county governments in terms of Article 190(1) of
the Constitution in performing their functions; and
11. Assist county governments to develop their capacity for efficient, effective and
transparent financial management in consultation with the Cabinet Secretary responsible
for matters relating to intergovernmental relations.