HOW TO ENHANCE PUBLIC FINANCE MANAGEMENT SYSTEMS TO PROMOTE DEVELOPMENT IN THE COUNTIES — KENYA.

By: Khalif Barkhadle ,
DIGITAL JOURNALIST.

Published On: 17th May 2023.

Public Financial Management (PFM) is all about resource mobilization and expenditure management in the public sector. It is, therefore, an integral part of the development process.

Suffice is to indicate that the involvement of the public sector in providing for various segments of society, including the under privileged, arises from the lack of motivation, incentives and moral sentiments of the private sector to do the same.

The Kenya Government has laid out an elaborate institutional and regulatory framework providing support for public finance management in national and county governments.

This derives from the Constitution, various Acts of Parliament, and other regulations. Under the Constitution, PFM matters are stipulated in Chapter 12 in which openness, accountability, and promotion of an equitable society are the guiding principles.

A recent review by KIPPRA of the PFM systems in six county governments yielded mixed results. So far, county governments have made considerable effort towards establishing the foundations for a sound PFM system in many areas within the devolved system of government in Kenya. Among the…