ADVOKS GLOBAL · KENYA
Sovereign Wealth Fund Act
24. National government budget process
Edition: 2026-07-24 · In force
24. National government budget process
(1)The circular on the budget process issued by the Cabinet Secretary under section 36(2) of the Public Finance Management Act (Cap. 412A) shall, in addition to the contents mentioned in that section, include instructions in respect of proposals for projects to be financed by withdrawals from the Strategic Infrastructure Investment Component of the Fund.(2)The budget estimates referred to in section 38(1)(b) of the Public Finance Management Act (Cap. 412A) shall include, in addition to the contents referred to in section—(a)the estimated resource revenues payable to the Fund; and(b)the estimated expenditure to be funded from transfers from the Strategic Infrastructure Investment Component to the Consolidated Fund.(3)The budget documents referred to in section 38(1) of the Public Finance Management Act (Cap. 412A) shall include, in addition to the contents referred to in section—(a)the recent annual report and quarterly financial statements of the Fund; and(b)a statement of projects financed from the Fund which include—(i)a description of policy objectives relating to prioritization of projects to be financed through development estimates of expenditure and investment; and(ii)a list of all investment projects which are ongoing or newly included in the budget estimates.