Directorate of Budget, Fiscal & Economic Affairs
The Directorate is headed by a Director General, reporting to the Principal Secretary, National Treasury.
The functions of the Directorate are to:
- 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:
- Budget Department
- Macro and Fiscal Affairs Department
- Financial and Sectoral Affairs Department
- Inter-Governmental Fiscal Relations
- Public Procurement Department