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Principles that govern the use of public finance in Kenya

Answer Text:
a) The principle of openness and accountability. There shall be public participation in financial matters.
b) The public finance system should promote an equitable society, and in particular the burden of taxation should be shared fairly.
c) Revenue raised nationally should be shared equitably among national and county governments.
d) Expenditure of public finance should promote the equitable development of the country.
e) The burdens and benefits of the use of resources and public borrowing should be shared equitably between present and future generations.