County Governments are facing rapidly declining own source revenue and stagnated Equitable Share. This calls for the need to reorient county expenditure strategies in order to facilitate the response to crucial spending needs, most especially over the COVID-19 pandemic. On the other hand, ... Read More
WHAT DOES THE SUPREME COURT ADVISORY ON THE DIVISION OF REVENUE MEAN FOR THE TWO LEVELS OF GOVERNMENT?
On 15th May 2020, the Supreme Court issued an advisory on four key PFM issues. For the benefit of those who may have not come across the advisory, the issues are summarized as follows; Whether the recommendation by the Commission on Revenue Allocation is binding upon both Houses during ... Read More
The outbreak of the coronavirus pandemic and the different measures introduced by the government to control the spread of the virus has slowed down economic growth leading to underperformance in revenue collection. This is as a result of the slowdown of trade, travel restrictions and the tax ... Read More
Now more than ever during this period of crisis when solidarity is called on to get through the pandemic, businesses have an opportunity to make a significant contribution. Corporate Social Responsibility (CSR) is not only important for businesses as accountable members of society, but is ... Read More
The budget-making process at the County level is a subset of a grander Public Finance Management (PFM) process. Public finance management (PFM) in Kenya is anchored in Chapter 12 of the Constitution of Kenya and the Public Finance Management Act 2012 (PFMA). The PFMA was developed with the ... Read More
As the effects of the Covid-19 pandemic weaken global demand, oil markets are facing an unprecedented crisis. The US's benchmark index for WTI crude oil dropped below $0 on April 20th following the sharp decline in its demand outlook. Coming closer home, we ask, will falling global oil prices help ... Read More
The overall strategy for response in the short, medium and long term is termed the HALT - REBUILD - SUSTAIN approach. These represent three different stages of our proposed economic approach to mitigating the effects of COVID-19 pandemic. While the effects of the pandemic are far-reaching, ... Read More
COVID-19 has dealt a big blow to the global economy. In order to stem the spread, entire countries are going on lockdown. Data from China tells us just how outputs and incomes will suffer more if a lockdown is initiated. And while it is hard, it is a necessary evil to stem the spread. Kenya ... Read More
ARE THERE SAFEGUARDS IN THE BUDGET CYCLE IF THE COVID PANDEMIC EXTENDS BEYOND APRIL, MAY AND JUNE 2020?
One of the key concerns to us as a country around this period when globally every government and nation is battling through COVID-19 is to what extent the pandemic will affect the budgeting cycle at both the national and county level. Are there safeguards to ensure that there is a seamless ... Read More
In the past years, Kenya has experienced several destructive natural disasters. In 2019 alone, furious landslides and flash floods killed 132 people in West Pokot; perennial droughts across 12 counties left over to one million people without food; locusts then invaded 17 counties ravaging ... Read More