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Introduction to Public Financial Management

Unit: Public Finance and Taxation

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April 2025

 2 Questions
Question 2b
​​Explain THREE ways that county governments could adopt to improve their financial capacity during the budget process, when faced with challenges in revenue generation.


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Question 1b
​​Outline EIGHT stages of the budget process for the national government in any financial year as provided under Section 35 of the Public Finance Management Act.


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April 2024

 1 Questions
Question 1b
​​Highlight FOUR documents that are prepared in the process of county government budget preparation clearly indicating their timelines as envisaged by the provisions of Public Financial Management Act.


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December 2023

 3 Questions
Question 1c
​​In a tax seminar, one of the facilitators noted that, “Not later than three months after the end of each financial year, the National Treasury shall prepare and submit to the Auditor-General financial statements for that year including certain information in respect of the contingencies fund as provided in the Public Finance Management Act, 2012. 

With reference to the above statement, outline FOUR contents of information included in the financial statements in respect to contingencies fund.


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Question 1e
​​The Committee of National Assembly submits to the National Assembly recommendations on revenue matters for approval. This is included in the finance bill as per the Public Finance Management Act, 2012. 

With reference to the above statement, examine FOUR considerations that guide the recommendations by the committee.


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Question 1b
​​The Cabinet Secretary for the National Treasury or the state officer responsible for finance in your country is mandated by law to manage the national budget process. One of the task is to issue circulars for setting guidelines to be followed to all government entities. 

With reference to the above statement, highlight FOUR contents of such a circular.


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August 2023

 1 Questions
Question 1b
​​The societal needs of most developing countries are mostly greater than the resources available to the government. The countries must therefore develop a public financial management framework to act as a tool for guiding formulation and implementation of public policies so as to improve the welfare of the citizens. 

In relation to the above statement, outline FOUR principles of public financial management regulations that govern all aspects of public finance in your country


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April 2023

 1 Questions
Question 1c
​​Identify FIVE matters that are included in the budget estimates submitted to the County Assemblies by the County Executive Committee members for finance in respect of the budget for every financial year.


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December 2022

 2 Questions
Question 1c
​​Outline SIX contents that should be included in development plan prepared by every county government as specified under Section 126 (1) of the Public Finance Management Act, 2012.


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Question 3b
​​Identify FOUR categories of information the Commissioner should include in the default assessment sent to the taxpayer.


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August 2022

 1 Questions
Question 1d
​​Outline the stages to be followed in the budget process for the national government in any financial year


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April 2022

 2 Questions
Question 2a
​​With reference to public finance management, distinguish between "planning" and "budgeting".


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Question 1a
​​ Explain the term "consolidated fund" as used in public finance management.


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Pilot December 2021

 1 Questions
Question 1c
​​Discuss three reasons why Public Sector Finance is important in your country


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December 2021

 1 Questions
Question 2a
​​Outline two objectives of the Public Finance Management Act.


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August 2021

 2 Questions
Question 1b
​ ​​Outline four functions of a County Treasury as provided in the Public Finance Management Act.


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Question 2a
​​Explain the following attributes that must be considered when preparing a national budget: 

(i) Periodicity. 

(ii) Predictability. 

(iii) Comprehensiveness.


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May 2021

 2 Questions
Question 1d
​​Highlight four responsibilities of a County Treasury with respect to county public funds.


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Question 1b
​​In managing the national government public finances, the National Treasury or such state organ in your country enforces certain fiscal responsibility principles in accordance with the Constitution and the Public Finance Management Act. 

In relation to the above statement, explain four fiscal responsibility principles.


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November 2020

 3 Questions
Question 1c
​​Explain four fiscal responsibility principles enforced by National Treasury in managing national government public finance.


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Question 1b
​​Discuss four responsibilities of the National Treasury in the administration of the Consolidated Fund.


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Question 1a
​​The Public Finance Management Act requires that, not later than 30th August in each year, the Cabinet Secretary shall issue to all national government entities a circular setting out guidelines on the budget process to be followed by them. 

With reference to the above provision, outline four contents of the circular.


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November 2018

 1 Questions
Question 2a
​​Explain the meaning of "Appropriation Act" as provided under the Public Finance Management Act.


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November 2017

 1 Questions
Question 1c
​​In order to achieve its objectives, the public finance management regulatory framework or equivalent frameworks contemplate certain principles to guide all aspects of public finance.

With reference to the above statement, identify five such principles.


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November 2016

 1 Questions
Question 1a
​​Explain the following terms as used in public finance management:

(i) Vote.

(ii) County government linked corporation.


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May 2016

 3 Questions
Question 1a
​ ​​Explain the following terms as used in public finance management:

(i) Financial regulations.

(ii) Treasury circulars.


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Question 1b
​ ​​Outline eight general responsibilities of a County Treasury with respect to public funds.


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Question 1c
​ ​​Describe the stages of the annual budget process for the national government.


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November 2015

 1 Questions
Question 2a
​​Distinguish between "consolidated fund" and "contingencies fund".


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Pilot September 2015

 1 Questions
Question 1a
​Explain the meaning of the following as provided in Public Finance Management Act:

i.  County Public Debt

ii. Appropriation Act


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