Mandate & Functions

The mandate of the National Treasury is anchored in the Constitution, the Public Finance Management Act, 2012 and Presidential Executive Order No. 2 of 2023, among other instruments. 

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.