Wed, 25-Feb 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Kenya’s Budget Cycle Falls Short on Transparency Survey

    Fred
    By Fred Obura
    - May 30, 2024
    - May 30, 2024
    Kenya Business newsPublic Policy
    Kenya’s Budget Cycle Falls Short on Transparency Survey

    Kenya’s budget making process has failed the transparency test with an international watchdog pointing to insufficient information to the public on how the central government raises and spends public resources.

    • •According to the 2023 Open Budget Survey by the Institute of Public Finance, a transparency score of 61 out of 100 or above indicates a country is likely publishing enough material to support informed public debate on the budget.
    • •Kenya has a transparency score of 55 out of 100 behind Uganda (59 out of 100) but above Rwanda (50), Tanzania (41), Burundi (15) and South Sudan (13).
    • •According to the survey, the public availability of budget documents improved last year compared 2019 and 2021 where the availability of such documents scored at 50 out of 100 each.

    “Government budget decisions – what taxes to levy, what services to provide, and how much debt to take on – have important consequences for all people in society. When governments provide information and meaningful channels for the public to engage in these decisions, we can better ensure public money is spent on public interests,” notes the survey.

    Kenya scores well in availing pre-budget statement, enacted budget, citizens budget and in-years report document to the public. However other documents such as the mid-year review and the-end reports are either published late or not produced online or produced for internal use only. In 2021 and 2023 for instance, the mid-year review was not produced, while the audit report was produced late in 2019 and 2021.

    The Open Budget Survey faults Kenya’s parliament for providing weak oversight during implementation stage in the critical processes lifecycle. To strengthen independence and improve audit oversight by the Kenya Office of the Auditor-General, it recommends adequate funding and a review of the audit processes by an independent agency.

    The survey comes at a time when the National Treasury is planning to deliver the Budget Statement for the FY 2024/25 on Thursday, 13th June.

    Kenya’s 2023/24 Budget Highlights – Kenyan Wall Street

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa