Public Finance Management Act 2012
E894075
The Public Finance Management Act 2012 is a Kenyan law that establishes the principles, structures, and procedures for managing public funds and overseeing national and county government finances.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
Kenyan statute
ⓘ
public finance law ⓘ |
| appliesTo |
National Government of Kenya
NERFINISHED
ⓘ
county governments of Kenya ⓘ |
| basedOn | Constitution of Kenya 2010 NERFINISHED ⓘ |
| country | Kenya ⓘ |
| covers |
budget approval procedures
ⓘ
budget execution and control ⓘ budget preparation for county governments ⓘ budget preparation for national government ⓘ cash management ⓘ financial reporting by county government entities ⓘ financial reporting by national government entities ⓘ fiscal responsibility principles ⓘ government guarantees and borrowing ⓘ internal controls and internal audit in public entities ⓘ management of public assets and liabilities ⓘ public debt management ⓘ |
| definesRoleOf |
Accounting Officers in county governments
ⓘ
Accounting Officers in national government ⓘ Cabinet Secretary responsible for finance ⓘ County Executive Committee Member for finance NERFINISHED ⓘ Principal Secretary responsible for the National Treasury ⓘ |
| enactedBy | Parliament of Kenya NERFINISHED ⓘ |
| establishes |
Consolidated Fund
NERFINISHED
ⓘ
Contingencies Fund NERFINISHED ⓘ County Revenue Fund ⓘ County Treasury NERFINISHED ⓘ Equalisation Fund NERFINISHED ⓘ National Treasury NERFINISHED ⓘ Public Debt Management Office NERFINISHED ⓘ |
| implements | public finance provisions of the Constitution of Kenya 2010 ⓘ |
| imposesObligationsOn |
county government entities
ⓘ
national government entities ⓘ public officers handling public funds ⓘ state corporations in Kenya ⓘ |
| jurisdiction | Republic of Kenya NERFINISHED ⓘ |
| language | English ⓘ |
| providesFor |
audit and oversight of public finances
ⓘ
sanctions for misuse of public funds ⓘ |
| purpose |
to ensure that public funds are used in a lawful, efficient, effective and economical manner
ⓘ
to establish principles of public finance management in Kenya ⓘ to provide for oversight of public finances ⓘ to provide for the effective management of public finances by the national and county governments ⓘ |
| region | East Africa ⓘ |
| regulates |
county government public finances in Kenya
ⓘ
management of public funds in Kenya ⓘ national government public finances in Kenya ⓘ |
| shortName | PFM Act 2012 NERFINISHED ⓘ |
| supports | devolved system of government in Kenya ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.