Principles and Framework of Public Finance in the Kenya Constitution 2010: An OverviewCHAPTER TWELVE—PUBLIC FINANCE PART I—PRINCIPLES AND FRAMEWORK OF PUBLIC FINANCE
PART 2—OTHER PUBLIC FUNDS
PART 3—REVENUE-RAISING POWERS AND THE PUBLIC DEBT
PART 4—REVENUE ALLOCATION
PART 5—BUDGETS AND SPENDING
PART 6—CONTROL OF PUBLIC MONEY
PART 7— FINANCIAL OFFICERS AND INSTITUTIONS
Overview;CHAPTER TWELVE—PUBLIC FINANCE in the Kenya Constitution 2010 outlines the principles and framework of public finance in the Republic. The chapter emphasizes the importance of openness, accountability, and public participation in financial matters. It aims to promote an equitable society by sharing the burden of taxation fairly and ensuring the equitable distribution of revenue between national and county governments. Additionally, this chapter highlights the need to promote the equitable development of the country, including making special provisions for marginalized groups and areas. The chapter also emphasizes the importance of sharing the burdens and benefits of resource use and public borrowing equitably between present and future generations. It emphasizes the responsible use of public money and the need for financial management to be responsible and clear in fiscal reporting. The chapter further addresses specific aspects of public finance, including the establishment of revenue funds for county governments, a contingencies fund, and loan guarantees by the national government. It also addresses financial control, accounts and audit of public entities, and procurement of public goods and services. In terms of time specifications, the chapter sets timelines for various provisions. For example, the accounts and audit of public entities and procurement of public goods and services are required to be carried out within four years. The values and principles of public service are to be implemented within four years as well. The establishment of national security organs and the command of the National Police Service have a timeframe of two years each. Any other legislation required by the Constitution has a timeline of five years. To ensure a smooth transition, the chapter includes transitional and consequential provisions outlined in the Sixth Schedule. These provisions specify the timeframes for enacting legislation to effect various chapters and articles of the Constitution. In conclusion, CHAPTER TWELVE—PUBLIC FINANCE of the Kenya Constitution 2010 establishes the principles and framework for public finance in the Republic. It emphasizes openness, accountability, and public participation while promoting an equitable society and responsible financial management. The chapter also sets specific timelines for the implementation of various provisions and includes transitional provisions for a smooth transition. Citation: The Kenya constitution, 2010
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