Dr. Chris Kiptoo noted that governments around the world are leveraging AI to strengthen revenue forecasting, expenditure tracking, debt management, and compliance monitoring.
Chris Kiptoo says that in Kenya, we see the potential for AI to improve fiscal efficiency and transparency, from improving tax administration and detecting anomalies in public spending to supporting evidence-based budgeting.
With accurate, real-time data analysis, policymakers can better align fiscal decisions with economic realities, reduce losses, and optimize resource utilization.
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According to Kiptoo, Kenya has already taken significant steps towards transforming public finances.
"Through the Integrated Financial Management Information System, we've digitized procurement, payment, and expense tracking processes. We're now exploring how machine learning tools can further improve forecast accuracy and detect tax risks earlier."
Dr. Kiptoo participated in the MEFMI 2025 Combined Forum held in Washington, DC, alongside the IMF and World Bank annual meetings, where he shared Kenya’s journey, opportunities, and challenges in leveraging AI for fiscal management.
The Forum, themed “Artificial Intelligence in Macroeconomics,” provided a timely platform to explore how AI can be applied to strengthen fiscal management, monetary policy, and the financial sector across Africa.
