answer the questions in about 800 words


Answers ALL Questions.

According to the principles of public finance of Kenya, “The public finance system shall promote an equitable society, and in particular;

The burden of taxation shall be shared fairly;
Revenue raised nationally shall be shared equitably among national and county governments; and
Expenditure shall promote the equitable development of the country, including by making special provision for marginalised groups and areas;

Discuss the above three in line with the Kenya Government National budget of 2019/20 financial year. (15 marks)

With specific references, explain how the government of Kenya promotes the following principles of public finance; (15 marks)

Public money shall be used in a prudent and responsible way
Financial management shall be responsible, and fiscal reporting shall be clear.

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