|Publisher||Council of Governors (CoG)|
|Year of Publication||2021|
This is the seventh Fiscal Strategy Paper since the operationalization of the CountyGovernments Kenya. It has been prepared against a background of contracting globaleconomic occasioned by the outbreak and the rapid spread of covid 19 pandemic. Thepandemic and the ensuing containment measures have devastated countries economydisrupting businesses and livelihoods. At the county level, Embu County has not beenspared of the negative impact of the pandemic. The pandemic and resultant containmentmeasures have adversely affected businesses and economic activities in all the sectors.The CFSP sets out county policy goals and strategic priorities that will be the basis forformulation of Countys Financial Year 2021/22 budget over the Medium Term. The Paperis prepared in accordance with the Public Finance Management Act, 2012.The focus of policies is to continue enabling environment for economic recovery tosafeguard the livelihoods, jobs, businesses and industrial recovery. In this respect, thecounty government of Embu will strengthen implementation of programmes and measuresthat ensure a more inclusive growth and foster macroeconomic stability.The County priorities and goals outlined here are based on the County IntegratedDevelopment Plan with emphasis on investment in: food security, Infrastructuredevelopment, domestic water connectivity, accessibility to affordable health care and earlychildhood development education. These priorities shall form the basis for formulation ofFY 2021/22 budget. The paper therefore links county planning and budgeting which is themain objective of the Medium Term Expenditure Framework.The paper covers the following broad areas: recent economic developments and theeconomic outlook; fiscal performance of FY 2020/21 and half year of FY 2021/22;highlights of the; broad strategic priorities and policies for the Medium Term and theMedium Term Fiscal Framework.The fiscal framework presented in the paper ensures a sustainable financing whileallowing continued spending on priority programmes. Achievement of the set objectivescalls for greater transparency, effectiveness and efficiency in public financial management inorder to ensure fiscal discipline.
|Tags||embu, county, fiscal, strategy, paper, fy, 2021, 2022, embu-county-fiscal-strategy-paper-fy-2021-2022, Public Finance|