|Publisher||Council of Governors (CoG)|
|Year of Publication||2017|
...This is the Fourth Kiambu County Fiscal Strategy Paper (CFSP) under the devolved governance structure. The purpose of this paper is to build direct linkages between policies, plans and budgets, and present the fiscal framework for the 2017/18 FY budget estimates and over the medium term.The paper, prepared under the theme Consolidating the gains of Kiambu as the Growth Pole and Investment Hub of Kenya provides expenditure ceilings for County Departments, units and agencies and detailed guidelines that are aimed at structuring County Government expenditure towards priority areas. These priorities are set on the basis of review of expenditures in FY 2015/16, sector proposals, the 2017/18 Annual Development Plan as well as County Integrated Development Plan 2013-2017.The paper is aligned with the national objectives contained in the Budget Policy Statement (BPS) 2017 that sets out the broad strategic priorities and policy goals guiding budget preparation for the next financial year.It is a requirement to subject the proposals to public scrutiny as a way of ensuring transparency and accountability. In thisregard, public participation was conducted and the views arising thereof incorporated in the paper. The fiscal data included is indicative and subject to adjustments during the budget preparation if circumstances change. The County Government proposes to allocate more resources to physical infrastructure improvement with an aim to stimulating general economic performance while addressing the issues promote welfare of County residents. To achieve this, the policy shifts resources from recurrent to capital investment while at the same time promoting sustainable and inclusive growth. Recurrent expenditure has been rationalized to decrease over time as capital expenditure increase in relative terms over the medium term period. To finance expenditures set out in this paper, the County will continue to maximize its efforts in revenue enhancement, mobilization and strengthening and reforming revenue administration and collection processethrough re-engineering various on-going structural reforms as well as building partnerships that support revenue performance.
|Tags||county, government, kiambu, Kiambu County Fiscal Strategy Paper 2017, Kiambu County CFSP 2017, Public Finance|