ADVOKS GLOBAL · KENYA
Public Finance Management Act
123. County Treasury to submit county government debt management strategy to county assembly
Edition: 2026-09-25 · In force
123. County Treasury to submit county government debt management strategy to county assembly
(1)On or before the 28th February in each year, the County Treasury shall submit to the county assembly a statement setting out the debt management strategy of the county government over the medium term with regard to its actual liability and potential liability in respect of loans and its plans for dealing with those liabilities.(2)The County Treasury shall include the following information in the statement—(a)the total stock of debt as at the date of the statement;(b)the sources of loans made to the county government;(c)the principal risks associated with those loans;(d)the assumptions underlying the debt management strategy; and(e)an analysis of the sustainability of the amount of debt, both actual and potential.(3)As soon as practicable after the statement has been submitted to the county assembly under this section, the County Executive Committee member for finance shall publish and publicise the statement and submit a copy to the Commission on Revenue Allocation and the Intergovernmental Budget and Economic Council.