Factors Affecting Management of Finances in Kenyas Public Sector: A Survey of Parastatals in Nakuru Town

The main objective of the research study was to assess factors affecting management of finances in Kenyas public sector. It was not very clear what really caused public sector to present unaccounted for spending bearing in mind that they operated using tax payers money and were therefore accountable for any misuse. The researcher carried out the study amongst the various Parastatals in Nakuru town since they were entrusted with serving citizens in Kenya. The researcher adopted a descriptive nature of research where survey research design was employed in carrying out the investigations. The researcher used structured questionnaires comprising of close-ended and open-ended questions for collecting primary data. Data collected was processed with the aid of the Statistical Packages for Social Sciences (SPSS) software and was analyzed quantitatively. Summary statistics including tables were used to present the findings of the study with Pearsons correlation coefficient to establish the relationship between dependent and independent variables.