The Public Finance Management (Amendment) (No. 4) Bill (National Assembly Bills No. 45 of 2024)

← Back to Bill Tracker

2024 Senate 13th

Legislative progress

Introduced / Published: 1 Feb 2025

  1. ○ First Reading
  2. ○ Second Reading
  3. ○ Committee of the Whole House
  4. ○ Third Reading
  5. ○ Presidential Assent

Stage dates are back-filled from publication records and Hansard, and refined by editors. Some dates may be approximate or not yet recorded.

Share your views on this Bill

Sponsor

Aaron Kipkirui Cheruiyot

United Democratic Alliance · Kericho County

View full profile →

What Kenyans are saying

No published submissions on this Bill yet — be the first to have your say.

Share your views on this Bill →

Notes

Source: https://www.parliament.go.ke/sites/default/files/2025-02/The%20Public%20Finance%20Management%20%28Amendment%29%20%28No.4%29%20Bill%20%28National%20Assembly%20Bills%20No.%2045%20of%202024%29.pdf

The Bill (PDF)

↓ Download the Bill (PDF, 710.6 KB) Open in a new tab

Read the original document (710.6 KB)

Your browser can’t display the PDF inline. Download the Bill (PDF) instead.

Original document, hosted by Mzalendo. Source: parliament.go.ke.

Bill text

Read the Bill (OCR extract)

REPUBLICOFKENYA

PARLIAMENT

NATIONALASSEMBLYBILLS (No. 45 of2024)

THEPUBLICFINANCEMANAGEMENT (AMENDMENT) (NO. 4) BILL, 2024

(A Bill published in the Kenya Gazette Supplement No. 190 National Assembly Bills No.45 of 1st November, 2024 and passed by the National Assembly, with amendments, on 28th November,2024)

N.A./B/No.45/2024

THEPUBLICFINANCEMANAGEMENT (AMENDMENT)(NO.4)BILL,2024

ABill for

ANACTofParliamenttoamendthePublicFinance ManagementAct;and forconnected purposes

ENACTEDby theParliament of Kenya,as follows

1. This Act may be cited as the Public Finance Management(Amendment) (No.4)Act,2024.

2.Section 25of thePublicFinanceManagementAct amended—

  • (a) in subsection (7) by deleting the word "fourteen" appearing immediately after the words"notlater than,"and substituting therefor the words"twentyone"; and
  • (b)in subsection (9)by deleting the word "fifteen" than,"and substituting therefor the words"twentytwo".
  • 3.Section 50 of the principal Act is amended-
  • s ) thereforthefollowingnewsubsection

(2C)The provisions of subsection (2A)and (2B)shallcomeintoforceon thedatethatisfive yearsfrom the date of the commencementof this provision.

  • (b)byinsertingthefollowingnew subsection immediatelyaftersubsection(2C)

(2CA)TheCabinetSecretary shall,take measures to ensure that borrowing by the national governmentcomplieswiththethresholdprescribed in subsection (2A).

  • 4.Section194 of the principal Act is amended
  • (a)in subsection (1),by inserting the following new
  • paragraphs immediately after paragraph (e)

(ea)prescribeaframeworkfor theimplementation Short title.

Amendmentof section25of Cap412A.

Amendmentof section50of Cap.412A.

Amendmentof section194of Cap.412A.

of accrual accounting by the Government;and (eb)prescribe a riskmanagement framework.

  • (b)byinsertingthefollowing newsubsection immediately after subsection(5)-

(6)Theframeworkfor theimplementationof accrual accounting contemplatedunder subsection (1)(ea) shall providefor a transitionperiod of three yearsfromthedateof the commencementof subsection (1) (ea).

I certify that this printed impression is a true copy of the Bill passed by theNationalAssembly on the28thNovember,2024

ClerkoftheNationalAssembly

Endorsed for presentationto the Senatein accordance with the provisions of Standing Order 142 of theNational Assembly Standing Orders

Metananla

SpeakeroftheNatonalAssembly

Machine-extracted text (Docling (OCR + layout), extracted 3 Jul 2026) from a scanned document — may contain recognition errors.

Recent mentions in Hansard

Matched by Bill name in the Hansard text; may include unrelated references.

Source: parliament.go.ke (parliament.go.ke active listing). Last updated 3 Jul 2026.