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public-20finance-20management-20act-2018-20of-202012

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  • UPLOADED BY Unknown
  • DATE 08 Dec 2025
  • SIZE 0.45 MB
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About This Document

Document Type: This is a Study Notes, designed for Reviewing core curriculum material.

Context: Standard material from the 2018 academic period.

Key Content: Likely covers essential definitions, theoretical concepts necessary for mastery of the subject.

Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.

Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.

47,789 words

Detailed Content Overview

239 min read Intermediate Level 47,789 words
Introduction

This notes resource titled "public-20finance-20management-20act-2018-20of-202012" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.

Key Topics Covered
1 to be a collector of revenue for the national government; (b) in relation to a c
2 to be a collector of revenue for that county government; “commitment” means
3 and includes a treasury bill, treasury bond, treasury note, government stock and
4 of the Income Tax Act; “loan” means any borrowing with or without interest f
5 or section 53A and a treasury bill, treasury bond, Sukuk, treasury note, governm
6 of this Act, the national government may issue external government securities, f
7 of this Act; (b) such a waiver or variation has been authorised by an Act of Par
8 under this Act; (c) national values set out in the Constitution; and 68 [Rev. 20
Learning Objectives
  • Master key concepts required for examination success
  • Practice answering exam-style questions effectively
  • Develop time management skills for timed assessments
  • Identify and address knowledge gaps in understanding
Detailed Summary

LAWS OF KENYA PUBLIC FINANCE MANAGEMENT ACT NO. 18 OF 2012 Revised Edition 2019 [2012] Published by the National Council for Law Reporting with the Authority of the Attorney-General www. 18 OF 2012 PUBLIC FINANCE MANAGEMENT ACT ARRANGEMENT OF SECTIONS PART I – PRELIMINARY Section 1. Declaration of entities as national government entities. Declaration of entities as county government entities. Act to prevail in certain matters. PART II – PARLIAMENTARY OVERSIGHT OF NATIONAL FINANCES Responsibilities of Committees of Parliament 7. Responsibilities of the National Assembly budget committee in public finance matters. Responsibilities of the Senate budget committee in public finance matters. Responsibilities of the Parliamentary Budget Office. Parliamentary Budget Office PART III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH RESPECT TO THE MANAGEMENT AND CONTROL OF PUBLIC FINANCE Establishment of the National Treasury 11. Establishment of the National Treasury. General responsibilities of the National Treasury. Powers of the National Treasury. Secondment of public officers by National Treasury to a County Treasury. The National Treasury to enforce fiscal responsibility principles.

Study Tips & Recommendations
Time Management

Practice under timed conditions to improve speed and accuracy. Allocate specific time limits to each section.

Active Practice

Attempt all questions before checking answers. Review mistakes to understand where improvements are needed.

Mark Scheme Review

Study marking schemes carefully to understand how examiners award points and structure your answers accordingly.

Regular Review

Schedule periodic reviews to reinforce learning and combat forgetting. Use spaced repetition for optimal retention.

Content Preview

LAWS OF KENYA PUBLIC FINANCE MANAGEMENT ACT NO. 18 OF 2012 Revised Edition 2019 [2012] Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org [Rev. 2020] Public Finance Management No. 18 of 2012 NO. 18 OF 2012 PUBLIC FINANCE MANAGEMENT ACT ARRANGEMENT OF SECTIONS PART I – PRELIMINARY Section 1. 2. 3. 4. 5. 6. Short title and commencement. Interpretation. Object of this Act. Declaration of entities as national government entities. Declarati...

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