Budget Transparency: Kenyan Perspective
The fiscal policy in Kenya is the most challenging and complex area of macroeconomic management. It is characterized by budget deficits, rising debt, low economic growth rates, high interest and inflation rates. Factors such as corruption, poor accountability, lack of discipline and work ethics are the cause for poor public finance utilization and management. Budget transparency is advocated as the means to direct economic growth, managing and distributing natural resources and to achieve macroeconomic stability. This study focuses on the budget process and makes recommendations that will lead to a better informed public debate, identification of flaws in government policies and programmes, enhance accountability in the design and implementation of the budget and attract investment.