Mandate & Functions

The mandate of the National Treasury is primarily derived from the Public Finance Management Act, 2012, and is further supported by Presidential directives as issued from time to time. 

Functions of the National Treasury

1. Overall economic policy management:
2. Management of public finance;
3. Resource mobilization to finance budget deficit:
4. Formulation of National Budget:
5. Public debt management;
6. Formulation and maintenance of government accounting standards;
7. Bilateral and multilateral financial relations;
8. Capital markets policy:
9. Oversight over revenue collection;
10. Competition Policy Management and National Pensions Policy Management;
11. Insurance policy and regulation;
12. Public procurement and asset disposal policy;
13. Public investment policy and oversight;
14. Development and enforcement of financial governance standards;
15. Financial sector analysis and management including SACCOs, NSSF and NHIF;
16. Financial institutions oversight;
17. Management of National and County Governments financial management system and standards;
18. Development of Kenya as an international financial center;
19. Anti-money laundering policy:
20. Custodian of National Government assets and properties;
21. Secretariat to the Intergovernmental Budget and Economic Council; and
22. Administration of the framework for procurement, disposal, administration and management of common user items.