ADVOKS GLOBAL · KENYA
Public Finance Management Act
33. Cabinet Secretary to submit national government debt management strategy to Parliament annually
Edition: 2026-09-25 · In force
33. Cabinet Secretary to submit national government debt management strategy to Parliament annually
(1)On or before the 15th February in each year, the Cabinet Secretary shall submit to Parliament a statement setting out the debt management strategy of the national government over the medium term with respect to its actual liability and potential liability in respect of loans and guarantees and its plans for dealing with those liabilities.(2)The Cabinet Secretary shall ensure that the medium-term debt management strategy is aligned to the broad strategic priorities and policy goals set out in the Budget Policy Statement.(3)The Cabinet Secretary shall include in the statement the following information—(a)the total stock of debt as at the date of the statement;(b)the sources of loans made to the national government and the nature of guarantees given by the national government;(c)the principal risks associated with those loans and guarantees;(d)the assumptions underlying the debt management strategy; and(e)an analysis of the sustainability of the amount of debt, both actual and potential.(4)Within fourteen days after the debt strategy paper is submitted to Parliament under this section, the Cabinet Secretary shall submit the statement to the Commission on Revenue Allocation and the Intergovernmental Budget and Economic Council and publish and publicise the statement.