Lamu County Fiscal Strategy Paper

By Academia Kenya Team
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  • Create Date June 1, 2016
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Lamu County Fiscal Strategy Paper

In the 2017 County Fiscal Strategy Paper (CFPS), we set our policy priorities for implementation over a three year period. The policy mix comprised of a transformative five pillar strategy aimed at transforming our county as follows:

  1. Creating conducive business environment in order to encourage innovation, investment, growth and expansion of economic and employment opportunities
  2. Investing in agriculture and food security in order to expand food supply and reduce food prices.
  3. Investment in key infrastructure areas, including roads, energy and water to reduce cost of doing business and improve competitiveness
  4. Investing in quality and accessible healthcare services and education as well as social safety net to reduce the burden on the households and complement and sustain our long term growth and development through enhanced productivity.

We have made progress in most sectors so far but our economy is being held back by emerging challenges particularly insecurity and its impact on our budget implementation. We shall continue to cooperate with the national government to deal with the security threat. Beside insecurity, there are other challenges that continue to hold our economy back from achieving its full potential. We shall build on the achievements made so far in most sectors of our economy and through the policies set out in this CFSP; we will scale up our efforts in order to address the existing as well as emerging challenges.

In this 2017CFSP, therefore, we review the progress we have made in the five pillar thematic economic transformative strategies spelt out in the 2016CFSP. In addition, we re-emphasize the economic transformative policy adopted in 2014 as a basis to decisively deal with the concerns on: the high cost of living, joblessness, protecting the poor and vulnerable and minimizing unnecessary public expenditures across the County Government. Through this policy paper we shall lay a firm foundation for accelerated growth and shared prosperity in which we will enjoy peace and access to gainful social and economic opportunities. As a result, we shall sustain and accelerate a strong broad-based economic growth in order to catapult our economy development.

ATWAA SALIM
EXECUTIVE MEMBER FOR FINANCE, STRATEGY AND ECONOMIC PLANNING

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