|Publisher||Council of Governors (CoG)|
|Year of Publication||2021|
...The 2021 County Fiscal Strategy Paper is prepared amidst a contracting global economy occasioned by the outbreak and the rapid spread of the Covid-19 Pandemic. The Pandemic and the ensuing containment measures have devastated global economies negatively impacting businesses and livelihoods. As a result, global economy is projected to contract by 4.4 percent in 2020 before rebounding to grow by 5.2 percent in 2021. A similar trend has been experienced locally with the economy is estimated to slow down to around 0.6 percent in 2020 from a growth of 5.4 percent in 2019. This County Fiscal Strategy Paper, CFSP 2021 outlines the broad strategic priorities and policy goals of County Government for implementation in financial year 2021/22 and the Medium Term. The priority programmes seek to enhance sustainable development underpinned by the COVID 19 economic recovery strategy that aims at improving the living standards through (1) transforming agriculture for improved production and productivity (2) ensuring access to quality and affordable health services (3) providing efficient, affordable and reliable infrastructure and services for sustainable economic growth (4) promoting quality, inclusive, diverse, accessible education and promote cohesion (5) creating conducive business and tourism environment (6) attaining efficient, equitable and sustainable use of land resource, spatial planning and development of urban areas and (7) ensuring provision of efficient and effective public service delivery. The expenditure policy framework in the medium term aims at expenditure rationalization in order to free resources for economic recovery programs in light of the COVID 19 shocks. With a second wave of the locust invasion imminent, fighting the twin problems will require substantial resources. Completion and operationalization of ongoing and operation of completed projects will be the top priority across the sectors. In order to address the issue of pending bills, fiscal consolidation will be the key budget framework in the medium term. To achieve this, funding will go to critical needs of the county with the aim of achieving clear outputs and outcomes while ensuring resource efficiency. The fiscal framework included in this CFSP 2021 outlines a prudent and sustainable path of public spending aimed at achieving Governments medium-term development priorities.
|Tags||county, government, tharaka, nithi, CoG of Tharaka Nithi Fiscal Strategy Paper 2021-22, Tharaka Nithi County Fiscal Strategy Paper 2021-22, Public Finance|
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