FOREWORD The Medium-Term Debt Management Strategy (MTDS) is one of the important deliverables of the County Treasury as provided for under the PFMA. It provides the guidance to the Counties on the amount, type of borrowing to undertake over the medium term. It evaluates the costs and risks of various scenarios and recommends an optimal…
The 2019 County Fiscal Strategy Paper (CFSP) is prepared against a background of a steady national economy which remains resilient and is projected to grow by 6.0 percent in 2018 from 4.9 percent in 2017. Further, our macroeconomic performance remains broadly stable with overall inflation within target, short term interest rates remaining low and stable…
FOREWORD Over the past few years, Elgeyo Marakwet has demonstrated the ability to manage the annual budget, allocate resources, and create an economy that is conducive for progress and development. This is due to open and transparent budget preparation process. This 2019 County Fiscal Strategy Paper (CFSP) is the Sixth to be prepared since the…
FOREWORD The Vihiga County Fiscal Strategy Paper 2019 lays down the framework for the preparation of the 2019/2020 County Budget in line with the Public Finance Management Act 2012, section 117. The CSFP reviews the County Departments budget performance in the previous plan period, challenges and lessons learnt and key priority programs the county aspires…
FOREWORD This County Fiscal Strategy Paper (CFSP) is the second under Marsabit County’s new administration led by H.E Gov. Mohamud Mohamed Ali. It sets out the policy goals and strategic priorities that will form the basis for formulation of County’s Financial Year 2019/20 budget and the Medium Term. The Paper is prepared in accordance with…
This 2019 County Fiscal Strategy Paper (CFSP) channels resources towards attaining people-focused transformation agenda for employment creation. The people-focused transformation agenda, as implemented under five key policy goals was initiated in the 2018 CFSP in an effort to avail benefits derived from County functions at the doorstep of the people. The 2018 CFSP laid the…
Pursuant to section 117(1) and (6) of the Public Finance Management Act (PFMA), 2012 and PFM Regulations 2015; the County Treasury has prepared this County Fiscal Strategy Paper 2019 and aligned the proposed revenue and expenditure plan to the national objectives as contained in the National Budget Policy Statement (BPS) 2019. The CFSP sets out…