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Public Finance Management (Amendment) Act, 2023 🇰🇪


REPUBLIC OF KENYA

Public Finance Management (Amendment) Act, 2023

Act 12 of 2023

  • Published in Kenya Gazette Supplement 190 on 17 October 2023
  • Assented to on 13 October 2023
  • Commenced on 2 November 2023
  • [This is the version of this document from 17 October 2023.]
AN ACT of Parliamnent to amend the Public Finance Management Act and for connected purposes.

1. Short title

This Act may be cited as the Public Finance Management (Amendment) Act, 2023

2. Amendment of section 2 No. 18 of 2012

The Public Finance Management Act (hereinafter refered to as the "principal Act") is amended in section 2 -
(a)in the definition of County Public Debt, by deleting the word "public"; and
(b)by inserting the following new definitions in their proper alphabetical sequence -
"financial obligations" means outstanding liabilities related to public debt, including principal, interest, fees, commissions and other expenses incidental to the raising of public debt or its repayment and shall be a charge on the Consolidated Fund …

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