SUBMISSION ON THE MEDIUM-TERM DEBT STRATEGY (MTDS) 2025.

We refer to the public notice released by the National Treasury on the 25th of January 2025 requesting submissions on the 2025 Medium Term Debt Management Strategy. Among other things, we have prepared a submission proposing the sinking fund alternative from the ever-rising interest payment rates, acceleration of the fiscal consolidation through ordinary revenue and rationalization of expenditure, realistic GDP growth projections, and the independence of the Public Debt Management Office from the National Treasury and Economic Planning.

Okoa Uchumi Memorandum on Kenya’s Supp. I Budget FY 24_25 & Beyond

Supplementary Budgets sum up the in-year adjustments made to different government programmes under the various Ministries, Departments and Agencies (MDAs). According to the notification by the National Assembly Clerk on 11th July 2024, the Supplementary Estimates I were informed by Article 223 of the Constitution and Section 44 of the Public Finance Management Act (PFMA) 2012 CAP 412A. Article 223 of the Constitution of Kenya stipulates the conditions under which additional money can be appropriated through Supplementary Budgets.