Essay about Kenya’s Budget Making Process.

Words: 1519
Pages: 7
Open Document
Discuss comprehensively with relevant examples Kenya’s budget making process.
A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending.
In summary, the purpose of budgeting is to:
• Provide a forecast of revenues and expenditures, that is, construct a model of how our business might perform financially if certain strategies, events and plans are carried out.
• Enable the actual financial operation of the business to be measured against the forecast.
• Establish the cost constraint for a project program, or operation.
The government budget is a set of procedures by which the government rations resources among claimants and control the amount each claimant spends. …show more content…
After the expenditure analysis in October./December the sector working groups review ongoing programs, indicate budget requirements and creates the medium term expenditure framework in January/March. 3. Sharing resources. Once the broad aggregates have been agreed, the available resources are shared between constitutional obligations that have first call on revenue since they represent statutory commitments and discretionary expenditure that is allocated to agreed ministries. E.g. The Ministry of Health is on of the crucial ministries in the Kenyan government as good affordable healthcare in part of the backbone of any country. In the budget 2004/05 the development expenditure allocation increased by
Show More

Related Documents: Essay about Kenya’s Budget Making Process.

Somalia Paper

into consideration by many programs such as UNICEF. Although Somalia is headed for the worst there failing economic situation is still being saved. War and health care issues arose because of an assumption made by Al-Shabaab. After Kenya's Prime Minister visited Israel rumors were spread and he was accused of seeking assistance in “destroying Muslim people and their religion”. Soon after that, Kenyan troops had moved into Somalia to fight Al-Shabaab's militants. At that…

Words 744 - Pages 3

Democratic Governance Research Paper

and public spheres of life and decision-making, and all people are free from discrimination based on race, ethnicity, class, gender or any other attribute. Democratic governance feeds into economic and social policies that are responsive to people’s needs and aspirations, that aim at eradicating poverty and expanding the choices that people have in their lives, and that respect the needs of future generations. In essence, democratic governance is the process of creating and sustaining an environment…

Words 6490 - Pages 26

Plan: Music Industry and International Treaties Essay

the in Kenya to transform the Music sector into a sustainable form of job creation and income generation. Exhibit “A” Executive Summary (do a clear and more succinct Executive summary) AgelessMuzik Productions is one of Kenya’s finest recording studios and is also the creative play space of music producer and composer Dominic Khaemba. It is housed in an impressively equipped UAD Apollo-based studio in Nyeri. At this stage of AgelessMuzik, the business is at an expansion…

Words 6798 - Pages 28