The primary objective of the on-going Public Finance Management reforms in Kenya is to improve the efficiency and the effectiveness of all the processes involved in the management of the public funds.
One of the major initiatives of the Public Finance Management reforms was the establishment as well as the implementation of the IFMIS system. The National Treasury adopted the IFMIS system to enhance efficiency and transparency in the Public Finance Management.
The ultimate goal is to enhance quality of public service delivery in the country and to provide timely, transparent as well as accurate financial and accounting information across both National and County Governments.
The system has enhanced Government financial controls and improved accounting recording as well as reporting. This is in line with the 2010 constitution which states in Article 226 that an Act of Parliament shall provide for “the keeping of financial records and the auditing of accounts for all government’s and other public entities, and prescribe other measures for securing efficient and transparent fiscal management.”