Kenya [electronic resource] : Report on Observance of Standards and Codes: Fiscal Transparency Module.
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TextSeries: IMF Staff Country Reports; Country Report ; No. 08/99Publication details: Washington, D.C. : International Monetary Fund, 2008Description: 1 online resource (60 p.)ISBN: 1451821182 :ISSN: 1934-7685Subject(s): Budget Documents | Budget Execution | Internal Audit | Public Finance | KenyaAdditional physical formats: Print Version:: Kenya : Report on Observance of Standards and Codes: Fiscal Transparency ModuleOnline resources: IMF e-Library | IMF Book Store Abstract: In Kenya, the general government is not defined consistently with government finance statistics (GFS) principles. Relationships between the central government and public nonfinancial and financial corporations are generally clearly defined. Government holdings of fully owned corporations and equity are moderate, and the management of state assets is clearly defined. The legislative basis for taxation is clear and comprehensive. Tax administration is clearly defined and well coordinated with overall fiscal management. External scrutiny of macroeconomic assumptions is encouraged. Kenya meets some of the requirements of the fiscal transparency code.
In Kenya, the general government is not defined consistently with government finance statistics (GFS) principles. Relationships between the central government and public nonfinancial and financial corporations are generally clearly defined. Government holdings of fully owned corporations and equity are moderate, and the management of state assets is clearly defined. The legislative basis for taxation is clear and comprehensive. Tax administration is clearly defined and well coordinated with overall fiscal management. External scrutiny of macroeconomic assumptions is encouraged. Kenya meets some of the requirements of the fiscal transparency code.
Description based on print version record.
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