LAWS OF KENYA PUBLIC FINANCE MANAGEMENT ACT NO. 18 OF 2012 Revised Edition 2020 [2012] Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org [Rev. 2020] Public Finance Management No. 18 of 2012 NO. 18 OF 2012 PUBLIC FINANCE MANAGEMENT ACT ARRANGEMENT OF SECTIONS

PART I – PRELIMINARY Section 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

6. Act to prevail in certain matters PART II – PARLIAMENTARY OVERSIGHT OF NATIONAL FINANCES Responsibilities of Committees of Parliament

7. Responsibilities of the National Assembly budget committee in public finance matters 8. Responsibilities of the Senate budget committee in public finance matters Parliamentary Budget Office

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 Establishment of the National Treasury

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

16. National government deviation from financial objectives Responsibilities of the National Treasury with respect to national public funds

17. The National Treasury to administer the Consolidated Fund 18. The National Treasury to administer the Equalisation Fund