Kilifi County Draft County Budget Estimates FY 2015 2016

It appears you do not have PDF support in this web browser. Click here to download the document.

Publisher County Government
Year of Publication 2015
Category Budget & Fiscal Plans
County Kilifi
Description Fiscal Responsibility Principles in the Public Finance Management Law

The public finance management (PFM) act, 2012 sets out the following fiscal responsibility principles to ensure prudency and transparency in the management of public resources;
i. The county government's recurrent expenditures shall not exceed the county's government total revenue.
ii. Over the medium term, a minimum of thirty percent of the county government budget shall be allocated to the development expenditures.
iii. The County governments' expenditures on wages and benefits for its public officers shall not exceed a percentage of the county government's total revenue as prescribed by the executive member for finance in reglations and approved by county assembly.
iv. Over the medium term the government borrowing shall be used only for the purpose of financing development expenditures and not recurrent expenditure.
v. The county debt shall be maintained at sustainable level as approved by county assembly.
vi. The fiscal risks shall be maintained prudently; and vii. A reasonable degree of predictability with respect to the level of tax rates and tax bases shall be maintained taking into account any reforms that may be made in the future. 
Tags e4e83e998f7560a6a57696ca8429336e, Counties / General


Social Media



Get In Touch

Kaya I/O,
Statehouse Road
Hillcrest Building, Next to Philippines Embassy
P.O. Box 76203 – 00508 Nairobi, Kenya

Social Media

Sign up with your email to get updates on data resources uploaded.