1)What is the main source of government revenue in Kenya
2)Why does the government of Kenya prepare an annual budget
3)What measures does the Kenya government take to ensures the public funds are properly used
4)What is contained in a government budget
5)Identify one type of government expenditure in Kenya
6)State 3 sources of government revenue
7)Name the body in charge of all forms of tax collection in Kenya
8)Outline three duties of the controller and auditor general in Kenya
1) The main source of government revenue in Kenya is taxation, including income tax, value-added tax (VAT), and excise duties.
2) The government of Kenya prepares an annual budget to plan and allocate resources for various public services, infrastructure projects, and government operations.
3) The Kenya government takes measures to ensure the proper use of public funds by implementing financial controls, conducting audits, and creating oversight mechanisms such as the Office of the Auditor General.
4) A government budget typically includes revenue projections, expenditure allocations for different sectors, debt servicing plans, investment priorities, and fiscal policies.
5) One type of government expenditure in Kenya is spending on infrastructure projects such as roads, bridges, and utilities.
6) Three sources of government revenue in Kenya are taxation, grants and loans from international organizations, and revenue from state-owned enterprises.
7) The body in charge of all forms of tax collection in Kenya is the Kenya Revenue Authority (KRA).
8) Three duties of the controller and auditor general in Kenya include conducting independent audits of government finances, reporting on the proper use of public funds, and providing recommendations for improving financial management processes.