|Publisher||Council of Governors (CoG)|
|Year of Publication||2019|
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 toopen and transparent budget preparation process.This 2019 County Fiscal Strategy Paper (CFSP) is the Sixth to be prepared since the inception of CountyGovernment of Elgeyo Marakwet. It sets out the county's priority programs to be implemented under the2019/202021/22 Financial Years Medium-Term Expenditure Framework (MTEF) and aligns theaspirations of the county to those of the national government as stated in the 2019 Budget PolicyStatement (BPS) and the Big Four Plan.Development expenditures within the MTEF period will be shared out based on the parameters of EDA,2015, to ensure social equitable distribution of resources across all wards. It adheres to the provisions ofthe Public Finance Management (County Governments) Regulations, 2015 for effective public financemanagement. Other factors are also put into consideration while doing the allocations. Such factors putinto consideration county-wide development agenda, that ensures development of the whole county, andaffects projects that are not tied to a single ward. Implementation of programs expounded in this CFSP isexpected to raise county economic efficiency and productivity and in turn, make our county competitive,thus creating vast opportunities for productive jobs and securing livelihoods.Implementation of 2018/2019 is on course though disbursements of funds from the national treasury isnot timely and also the e-procurement challenges. The bidders also have a challenge in documentationattachment as well as inactive emails hence affect our absorption rate. The county will build on theachievements made so far and through the policy goals set out in this CFSP; emphasis is to scale up ourefforts in order to address the existing as well as emerging challenges.The county has witnessed programmes/projects continued growth in spending. The CFSP will strive toensure that the countys revenue base continues to be enhanced and expenditure streamlined to ensureprudent financial management and further lead to wealth and employment creation in the county. Toachieve efficiency, the pace of public expenditure growth will be moderated, while accelerating thedelivery of quality services at the same time. One of the challenges facing recurrent budget is theimplications of implementing healthcare workers Collective Bargaining Agreement (CBA), SalariesRemuneration Commission (SRC) harmonization of public service salaries and continuous mandatoryannual increments in salaries.
|Tags||elgeyo, marakwet, county, fiscal, strategy, paper, cfsp, 2019, elgeyo-marakwet-county-fiscal-strategy-paper-cfsp-2019, Public Finance|
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