The Treasury

In many countries the independence of the central bank is a constitutional priority, explicitly laid out and safeguarded in the supreme law of the land. Kenya’s constitution, for example, declares that the central bank ‘shall not be under the … [Read more...] about The Bank and the constitution

As another Budget Day comes around, the media focus is inevitably on its contents. But, despite this frenzy, the constitutional and conventional context of the Budget remains poorly understood. This is perhaps understandable as the processes and … [Read more...] about The Budget – getting and spending