ADVOKS GLOBAL · KENYA
Sovereign Wealth Fund Act
22. Preparation of estimates and budget
Edition: 2026-07-24 · In force
22. Preparation of estimates and budget
(1)For the purposes of section 25(1) of the Public Finance Management Act (Cap. 412A), the Chief Executive Officer shall submit to the Cabinet Secretary for inclusion in the annual Budget Policy Statement—(a)the actual and projected resource revenues and withdrawals from the Fund over the medium-term; and(b)ceilings on annual withdrawals from the Stabilisation Component and Strategic Infrastructure Investment Component.(2)For purposes of section 26(1) of the Public Finance Management Act (Cap. 412A), the Chief Executive Officer shall submit to the Cabinet Secretary for inclusion in the Budget Review and Outlook Paper—(a)the actual amount of withdrawals from the Stabilisation Component and Strategic Infrastructure Investment Component during the immediately preceding financial year in comparison with the approved budget estimates; and(b)updated forecasts of resource revenues for the current financial year and the medium-term and explanations of the changes from the forecasts in the Budget Policy Statement of the immediately preceding financial year.