...County Fiscal Strategy Paper (CFSP) is the primary financial policy document setting out the county governments policy and priority interventions intended for implementation in the financial year 2018/19 and in the medium term. It identifies the broad strategic priorities and policy goals that will guide in the preparation of the county budget for the next financial year and over the medium term. CFSP 2018 lays ground for the preparation of 2018/19 budget, which budget will implement the first year policies, programmes and projects of County Integrated Development Plan 2018-2022 (CIDP II)The CFSP 2018 has been prepared pursuant to Section 117 of the PFM Act 2012 which requires the County Treasury to prepare County Fiscal Strategy Paper and submit it to the County Assembly by 28thFebruary of each year. The paper has been aligned with the national objectives as captured in the Budget Policy Statement, with application of fiscal responsibility principles as required by section 107 of PFM Act 2012.The CFSP 2018 has been prepared against a backdrop of a resilient Kenyan economy in the context of a global economy which is picking up from its previous slowdown,supported by improving domestic demand in advanced economies and China and improved performance in other emerging market economies, and the easing of the broad-based slowdown in sub-Saharan Africa. These positive dynamics in the international and Kenyan economies portend economic premiums for the county, in the form of increased National Transfers, increased agricultural production, enhanced value addition and exports, and benefit from reduced fluctuations in oil prices and imports, stable commodity prices, and access to credit for investment and employment creation. The paper contains broad strategic interventions with the purpose of achieving five main transformations or outcomes, namely: investing in water services; investing in agricultural production and food security; investing in roads infrastructure; investing in social services; and investing in cooperatives development and management. Investments in the five areas will be expected to transform lives of residents of Uasin Gishu County.

Download