ADVOKS GLOBAL · KENYA
Kenya Trade Remedies Act
21. Annual estimates
Edition: 2022-12-31 · In force
21. Annual estimates
(1)The Board shall, not less than three months before the commencement of each financial year cause to be prepared estimates of the revenue and expenditure of the Agency for that financial year.(2)The annual estimates shall make provision for all estimated expenditure of the Agency for the financial year and in particular, the estimates shall provide for—(a)the payment of the salaries, allowances and other charges in respect of the members, staff and agents of the Agency;(b)the payment of the pensions, gratuities and other charges in respect of retirement benefits to staff of the Agency;(c)acquisition and the proper maintenance of the buildings and grounds of the Agency;(d)the proper maintenance, repair and replacement of the equipment and other movable property of the Agency;(e)the creation of such reserve funds to meet future or contingent liabilities in respect of retirement benefits, insurance or replacement of buildings or equipment or in respect of such other matters as the Agency may deem fit; and(f)any other expenditure necessary for the performance of the functions of the Agency.(3)The annual estimates shall be approved by the Board and be submitted to the Cabinet Secretary for approval before the commencement of the financial year to which they relate.(4)An expenditure shall not be incurred for purposes of the Agency except in accordance with the annual estimates approved under subsection (3) or in accordance with the authorisation of the Board and prior written approval of the Cabinet Secretary.