The National Treasury derives its mandate from the Constitution 2010, the Public Management Act 2012 and the Executive Order No.2/2013.
The core functions of the National Treasury as derived from the above legal provisions include
Formulate, implement and monitor macro-economic policies involving expenditure and revenue;
Manage the level and composition of national public debt, national guarantees and other financial obligations of national government;
Formulate, evaluate and promote economic and financial policies that facilitate social and economic development in conjunction with other national government entities;
Mobilize domestic and external resources for financing national and county government budgetary requirements;
Design and prescribe an efficient financial management system for the national and county governments to ensure transparent financial management and standard financial reporting.
In consultation with the Accounting Standards Board, ensure that uniform accounting standards are applied by the national government and its entities;
Develop policy for the establishment, management, operation and winding up of public funds;
Prepare the annual Division of Revenue Bill and the County Allocation of Revenue Bill;
Strengthen financial and fiscal relations between the national government and county governments and encourage support for county governments and
Assist county governments to develop their capacity for efficient, effective and transparent financial management.
To prepare the National Budget, execute/implement and control approved budgetary resources to MDAs and other Government agencies/entities.