TOPIC 1
INTRODUCTION TO PUBLIC FINANCIAL MANAGEMENT
QUESTION 1
April 2024 Question One B
Highlight FOUR documents that are prepared in the process of county government budget preparation clearly indicating their timelines as envisaged by the provisions of Public Financial Management Act. (4 marks)
QUESTION 2
December 2023 Question One B
The Cabinet Secretary for the National Treasury or the state officer responsible for finance in your country is mandated by law to manage the national budget process. One of the task is to issue circulars for setting guidelines to be followed to all government entities.
With reference to the above statement, highlight FOUR contents of such a circular. (4 marks)
QUESTION 3
August 2023 Question One B
The societal needs of most developing countries are mostly greater than the resources available to the government. The countries must therefore develop a public financial management framework to act as a tool for guiding formulation and implementation of public policies so as to improve the welfare of the citizens.
In relation to the above statement, outline FOUR principles of public financial management regulations that govern all aspects of public finance in your country. (4 marks)
QUESTION 4
April 2023 Question One C
Identify FIVE matters that are included in the budget estimates submitted to the County Assemblies by the County Executive Committee members for finance in respect of the budget for every financial year. (5 marks)
QUESTION 5
December 2022 Question One C
Outline SIX contents that should be included in development plan prepared by every county government as specified under Section 126 (1) of the Public Finance Management Act, 2012. (6 marks)
QUESTION 6
August 2022 Question One D
Outline the stages to be followed in the budget process for the national government in any financial year. (8 marks)
QUESTION 7
April 2022 Question Two A
With reference to public finance management, distinguish between “planning” and “budgeting”. (4 marks)
QUESTION 8
December 2021 Question Two A
Outline two objectives of the Public Finance Management Act. (2 marks)
QUESTION 9
December 2021 Pilot Paper Question Two A
Highlight the steps followed by your county government in developing its annual budget. (9 marks)
QUESTION 10
September 2021 Question One B
Outline four functions of a County Treasury as provided in the Public Finance Management Act. (8 marks)
QUESTION 11
September 2021 Question Two A
Explain the following attributes that must be considered when preparing a national budget:
(i) Periodicity. (2 marks)
(ii) Predictability. (2 marks)
(iii) Comprehensiveness. (2 marks)
QUESTION 12
May 2021 Question One B
In managing the national government public finances, the National Treasury or such state organ in your country enforces certain fiscal responsibility principles in accordance with the Constitution and the Public Finance Management Act.
In relation to the above statement, explain four fiscal responsibility principles. (8 marks)
QUESTION 13
May 2021 Question One D
Highlight four responsibilities of a County Treasury with respect to county public funds (4 marks)
QUESTION 14
November 2020 Question One A
The Public Finance Management Act requires that, not later than 30th August in each year, the Cabinet Secretary shall issue to all national government entities a circular setting out guidelines on the budget process to be followed by them.
With reference to the above provision, outline four contents of the circular. (4 marks)
QUESTION 15
November 2020 Question One C
Explain four fiscal responsibility principles enforced by National Treasury in managing national government public finance. (8 marks)
QUESTION 16
November 2019 Question One C
Outline the stages to be followed in the budget process for the National Government in any financial year. (10 marks)
QUESTION 17
May 2019 Question One A and C
a) Budgetary rules exercise effective control over government entities in public spending and accountability.
With reference to the above statement, identify four ways used by the national government to demand budgetary accountability by the government entities. (4 marks)
c) Citing three reasons, justify the importance of information contained in the circulars guiding the budget processes for county governments. (6 marks)
QUESTION 18
November 2018 Question Two A
Explain the meaning of “Appropriation Act” as provided under the Public Finance Management Act. (2 marks)
QUESTION 19
May 2018 Question One A
When the Cabinet Secretary for the National Treasury or equivalent ministry presents the Division of Revenue Bilko Parliament, it should be accompanied by a memorandum explaining various matters.
With reference to the above statement, identify four such matters. (4 marks)
