Kenya: Report on Observance of Standards and Codes: Fiscal Transparency Module

International Monetary Fund

No 2008/099, IMF Staff Country Reports from International Monetary Fund

Abstract: In Kenya, the general government is not defined consistently with government finance statistics (GFS) principles. Relationships between the central government and public nonfinancial and financial corporations are generally clearly defined. Government holdings of fully owned corporations and equity are moderate, and the management of state assets is clearly defined. The legislative basis for taxation is clear and comprehensive. Tax administration is clearly defined and well coordinated with overall fiscal management. External scrutiny of macroeconomic assumptions is encouraged. Kenya meets some of the requirements of the fiscal transparency code.

Keywords: ISCR; CR; local government; annual budget; fiscal year; central government; final accounts; internal audit; cash flow; permanent secretary; Budget planning and preparation; Auditing; Fiscal accounting and reporting; Internal audit; Sub-Saharan Africa; Global (search for similar items in EconPapers)
Pages: 60
Date: 2008-03-11
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