Factors Influencing implementation of Public Financial Regulations by National Sub-County Treasuries in Nakuru County, Kenya

Abstract

Regulation is amongst the central instruments through which governments seek to deliver on their policy priorities. However, a lack of consensus on how regulation should be conceptualized can make studying its nature and effects problematic. Therefore this study assessed the factors influencing implementation of financial regulations in national Sub-County Treasuries in Nakuru County, Kenya. The study examined the effect of technology on the implementation of financial regulations. A descriptive research design was employed. The target population was 68 finance officers in the national Sub-County Treasuries in Nakuru. The study conducted a census. A questionnaire constructed on a five point Likert scale was employed for data collection. The data was analyzed using both descriptive and inferential statistic using Statistical Package for Social Sciences (SPSS). The study established that technology significantly influenced implementation of financial regulations. The study concluded that implementation of financial regulations is significantly influenced by technology. The study recommended that for effective implementation of financial regulations in national Sub-county treasuries, the government should reinforce the use of information technology in treasury operations. The national treasury should put systems in place to check for internal accountability among staff operations.