|Publisher||Council of Governors (CoG)|
|Year of Publication||2020|
Section 104(1) of the PFM Act 2012 provides that County Treasury shall monitor, evaluate andoversee the management of Public Finances and Economic affairs of the County Government.Among other responsibilities, the County Treasury is mandated to mobilize resources for fundingof budgetary requirements, ensuring proper management and control of the finances to promoteefficient and effective utilization of the resources.The County Treasury has fully embraced its roles and responsibilities as set out in the PFM Actand Regulations and other guidelines and directives from the National Treasury, COB and CRA.On implementation of the Budget, stakeholders have been engaged as is envisaged by theConstitution of Kenya 2010 and the County Government Act, 2012.In carrying out its role during the FY 2019/2020 in the period 1st July 2019 to 30th June 2020,Nyandarua County Treasury encountered the challenges not limited to the COVID-19 pandemicthat has resulted to a myriad of other multiplier challenges ranging from diminishing revenuestreams, increase expenditure for mitigation of the effects of the pandemic. Lack of disbursementof development expenditure of over Kshs. 600 Million further exacerbated the situation for theCounty Treasury in the implementation of the budget.
|Tags||nyandarua, 2019, 20, fy, projects, implementation, status, as, at, 30th, june, 2020, nyandarua-2019-20-fy-projects-implementation-status-as-at-30th-june-2020, Public Finance|