Summary PUBLIC FINANCE AND TAXATION Notes 2024

PUBLIC FINANCE AND TAXATION Notes 2024 CONTENT 1.Introductions to public financial management -Nature and Scope of Public Finance -General overview of public financial management as envisaged by the constitution -Responsibility of National and County Treasuries -Overview of the public financial management Act -Financial regulations -Treasury circulars; meaning and application -Process of developing county government finance bills -Role of budget officers in budget preparation and execution -Responsibilities of the national and county treasuries in relation to budget preparation -Budget process for both national, county and public entities 2.Establishment of public funds in the public sector -Provision of establishing public funds -Rationale of creation of public funds -The consolidated fund -The establishment and administration of contingency funds -The establishment and administration of equalization funds -County revenue sources