Chapter 12: PUBLIC FINANCEPart 3 — Revenue-raising and the public debt

Article 214. Public debt

Navigate this chapter (31 articles)

• 201. Principles of public finance
• 202. Equitable sharing of national revenue
• 203. Equitable share and other financial laws
• 204. Equalisation Fund
• 205. Consultation on financial legislation affecting counties
• 206. Consolidated Fund and other public funds
• 207. Revenue Funds for county governments
• 208. Contingencies Fund
• 209. Power to impose taxes and charges
• 210. Imposition of tax
• 211. Borrowing by national government
• 212. Borrowing by counties
• 213. Loan guarantees by national government
• 214. Public debt (current)
• 215. Commission on Revenue Allocation
• 216. Functions of the Commission on Revenue Allocation
• 217. Division of revenue
• 218. Annual Division and Allocation of Revenue Bills
• 219. Transfer of equitable share
• 220. Form, content and timing of budgets
• 221. Budget estimates and annual Appropriation Bill
• 222. Expenditure before annual budget is passed
• 223. Supplementary appropriation
• 224. County appropriation Bills
• 225. Financial control
• 226. Accounts and audit of public entities
• 227. Procurement of public goods and services
• 228. Controller of Budget
• 229. Auditor-General
• 230. Salaries and Remuneration Commission
• 231. Central Bank of Kenya

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In this Chapter

Official Constitutional Text

(1) The public debt is a charge on the Consolidated Fund, but an Act of Parliament may provide for charging all or part of the public debt to other public funds.

(2) For the purposes of this Article, "the public debt" means all financial obligations attendant to loans raised or guaranteed and securities issued or guaranteed by the national government.

Plain English Explanation

This is a simplified summary to explain this article in clear language. It is not the legal text of the Constitution.

A simplified explanation is being prepared for this article.