Question

Identify one principle of public finance in Kenya.

Answer 1

1. Openness, accountability and public participation in financial matters.
2. Promotion of equity by sharing in affair manner
3. Promotion of equitable development of the country
4. Special provision to cater for marginalized groups and areas.
5. Ensuring the use of resources are shared equally between the present and future generations
6. Prudent and responsible use of public finances
7. Responsible financial management accompanied by clear fiscal reporting.