ADVOKS GLOBAL · KENYA
Public Finance Management Act
26. National Treasury to prepare Budget Review and Outlook Paper
Edition: 2026-09-25 · In force
26. National Treasury to prepare Budget Review and Outlook Paper
(1)The National Treasury shall prepare and submit to Cabinet for approval, by the 30th September in each financial year, a Budget Review and Outlook Paper which shall include—(a)actual fiscal performance in the previous financial year compared to the budget appropriation for that year;(b)updated macro-economic and financial forecasts with sufficient information to show changes from the forecasts in the most recent Budget Policy Statement;(c)information on how actual financial performance for the previous financial year may have affected compliance with the fiscal responsibility principles or the financial objectives in the latest Budget Policy Statement; and(d)the reasons for any deviation from the financial objectives together with proposals to address the deviation and the time estimated to do so.(2)Cabinet shall consider the Budget Review and Outlook Paper with a view to approving it, with or without amendments, not later than fourteen days after its submission.(3)Not later than seven days after the Budget Review and Outlook Paper has been approved by Cabinet, the National Treasury shall—(a)submit the Paper to the Budget Committee of the National Assembly to be laid before each House of Parliament; and(b)publish and publicise the Paper not later than fifteen days after laying the Paper before Parliament.