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IMF Country Report No. 21/22
KENYA
TECHNICAL ASSISTANCE REPORT—IMPROVING THE QUALITY OF FISCAL AND PUBLIC DEBT DATA (OCTOBER 7–16, 2019)
April 2021
This Technical Assistance report on Kenya was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on October 2019.
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This document was prepared before COVID-19 became a global pandemic and resulted in unprecedented economic strains. It, therefore, does not reflect the implications of these developments and related policy priorities. We direct you to the
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Title Page
TECHNICAL ASSISTANCE REPORT
Improving the Quality of Fiscal and Public Debt Data in Kenya
OCTOBER 2019
PREPARED BY
Mr. Robert Maate and Mr. Jóhann Rúnar Björgvinsson
MEMBERS
Eritrea, Ethiopia, Kenya, Malawi, Rwanda, South Sudan, Tanzania, Uganda
PARTNERS
European Union, United Kingdom, Germany, The Netherlands, Switzerland, European Investment Bank
DISCLAIMER
The contents of this report constitute technical advice provided by the staff of the International Monetary Fund (IMF) to the authorities of the National Treasury – Kenya (the “TA recipient”) in response to their request for technical assistance. This report (in whole or in part) or summaries thereof may be disclosed by the IMF to IMF Executive Directors and members of their staff, as well as to other agencies or instrumentalities of the TA recipient, and upon their request, to World Bank staff, and other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of East AFRITAC, unless the TA recipient specifically objects to such disclosure (see Operational Guidelines for the Dissemination of Technical Assistance Information). Publication or Disclosure of this report (in whole or in part) or summaries thereof to parties outside the IMF other than agencies or instrumentalities of the TA recipient, World Bank staff, other technical assistance providers and donors with legitimate interest, including members of the Steering Committee of East AFRITAC, shall require the explicit consent of the TA recipient and the IMF’s Statistics Department.
MEMBERS
PARTNERS
Contents
Glossary
SUMMARY OF MISSION OUTCOMES AND PRIORITY RECOMMENDATIONS
IMPROVING THE QUALITY OF FISCAL AND PUBLIC DEBT DATA FOR GENERAL GOVERNMENT IN KENYA
A. Assessment of Status of Implementation of Previous GFS TA Missions
B. Reconciliation of TNT’s and KNBS’s GFS BCG’s Statements of Operations
C. Migration of Fiscal Framework to GFSM 2014 Concepts
D. Compilation of Public Sector Debt Statistics
E. Compilation of Financial Balance Sheet for General Government
F. Compilation of COFOG for the General Government
G. The Consolidated Annual General Government and Quarterly BCG Fiscal Data
BOX
1. The Main Classification Differences Between TNT and KNBS.
FIGURE
1. Selected Benchmark for Improving Public Sector Fiscal Data in Kenya
TABLE
1. Priority Recommendations
DETAILED TECHNICAL ASSISTANCE TO KENYA
APPENDICES
I. Implementation of Recommendations of Previous GFS Missions
II. The BCG Statement of KNBS and TNT, 2018/2019; The Need To Reconcile
III. A Bridge Table BCG’s Accounts for Reporting on M, Q and Annual Basis
IV. The BCG’s Entities Classified to the BCG Sub-sector
V. The BCG’s Statement of Operations Including 47 Additional Entities
VI. The Fiscal Table Presented in GFS 1986 and GFS 2014 Formats
VII. Kenyan Fiscal Table – A Proposal of BCG’s Fiscal Operations FY 2016/21
VIII. WB/IMF PSDS Questionnaire Table 1.1.1 on Gross BCG’s Debt Position
IX. WB/IMF PSDS Questionnaire Table 4 on Gross PS’s Debt Position
X. The GFS’ Balance Sheet of Public Sector 2017/18 – Preliminary Figures
XI. The National Government Expenditure Classified by Functions 2016/19
XII. List of Officials Met During The Mission
Glossary
| AFE | AFRITAC East |
| AFR | IMFs African Department |
| AGD | Accountant General Department |
| BCG | Budgetary Central Government |
| CBK | Central Bank of Kenya |
| CDP | Capacity Development Program |
| CS-DRMS | Commonwealth Secretariat Debt Reporting and Management System |
| EAC | East African Community |
| EBUs | Extrabudgetary Units |
| FY | Fiscal Year |
| GFS | Government Finance Statistics |
| GFSY | Government Finance Statistics Yearbook |
| ICS | Integrated Correspondence System |
| GFSM | Government Finance Statistics Manual |
| GG | General Government |
| GIPE | Government Investment and Public Enterprise |
| IFMIS | Integrated Financial Management and Information System |
| KNBS | Kenya National Bureau of Statistics |
| LG | Local Government |
| M&FAD | Macro and Fiscal Affairs Department |
| OCOB | Office of the Controller of the Budget |
| PC | Public Corporations |
| PDMO | Public Debt Management Office |
| PSDS | Public Sector Debt Statistics |
| PSIT | Public Sector Institutional Table |
| QEBR | Quarterly Economic and Budgetary Review |
| RBM | Results-Based Management |
| SCOA | Standard Chart of Accounts |
| SSF | Social Security Funds |
| TA | Technical Assistance |
| TNT | The National Treasury |
| TWG | Technical Working Group |
