(2) In making the pronouncement under subsection (1), the Cabinet Secretary shall take into account any regional or international agreements that Kenya has ratified, including the East African Community Treaty and where such agreements prescribe the date when the budget policy highlights and revenue raising measures are to be pronounced, the Cabinet Secretary shall ensure that the measures are pronounced on the appointed date.

(3) On the same date that the budget policy highlights and revenue raising measures are pronounced, the Cabinet Secretary shall submit to Parliament a legislative proposal, setting out the revenue raising measures for the national government, together with a policy statement expounding on those measures.

(4) Following the submission of the legislative proposal of the Cabinet Secretary, the relevant committee of the National Assembly shall introduce a Finance bill in the National Assembly.

(5) Any of the recommendations made by the relevant committee of the National Assembly or adopted by the National Assembly on revenue matters shall— (a) ensure that the total amount of revenue raised is consistent with the approved fiscal framework and the Division of Revenue Act; (b) take into account the principles of equity, certainty and ease of collection; (c) consider the impact of the proposed changes on the composition of the tax revenue with reference to the direct and indirect taxes; (d) consider domestic, regional and international tax trends; (e) consider the impact on development, investment, employment and economic growth; (f) take into account the recommendations of the Cabinet Secretary as provided under Article 114 of the Constitution; and (g) take into account the taxation and other tariff agreements and obligations that Kenya has ratified, including taxation and tariff agreements under the East African Community Treaty.

(6) The recommendations of the Cabinet Secretary in subsection (5)(f) shall be included in the report and tabled in the National Assembly. [Act No. 6 of 2014, s. 4.]

41. Deleted Deleted by Act No. 12 of 2019, Sch. 42. Consideration by Parliament of Division of Revenue and County Allocation of Revenue Bills Parliament shall consider the Division of Revenue and County Allocation of Revenue Bills not later than thirty days after the Bills have been introduced with a view to approving them, with or without amendments. 38 [Rev. 2020] Public Finance Management No. 18 of 2012

43. Limited powers of accounting officer of national government entity to reallocate appropriate funds

(1) An accounting officer may reallocate funds from the authorised use but may not reallocate funds where— (a) the funds are appropriated for transfer to another government entity or person; (b) the funds are appropriated for capital expenditure except to defray other capital expenditure; (c) the reallocation of funds is from wages to non-wages expenditure; or (d) the transfer of funds may result in contravention of fiscal responsibility principles.

(2) An accounting officer for a national government entity, other than a state corporation, may reallocate funds between programs, or between Sub-Votes, in the budget for a financial year if— (a) there are provisions in the budget of a program or Sub-Vote which are unlikely to be utilised; (b) a request for the reallocation has been made to the National Treasury explaining the reasons for the reallocation and the National Treasury has approved the request; and (c) the total sum of all reallocations made to or from a program or Sub- Vote does not exceed ten percent of the total expenditure approved for that program or Sub-Vote for that financial year.

(3) Regulations made under this Act may provide for the reallocation of funds within Sub-votes or programs.