|Publisher||Council of Governors (CoG)|
|Year of Publication||2020|
The County Fiscal Strategy Paper (CFSP), 2020 highlights policy priorities for the CountyGovernment which will be implemented in 2020/21 FY and over the Medium Term. Thesepriorities are anchored in the County Integrated Development Plan (2018-2022), and its AnnualDevelopment Plan for 2020/21 FY. The envisaged priorities are equally in line with the Big FourAgenda as well as the current County Administrations Transformative Agenda through the SixPillars aimed at setting tone and creating sound enablers towards the Countys development andprosperity in the long run.In preparation of the Fiscal Outlook and Strategy, The County is dependent on the economicperformance of the Globe and Kenya and is therefore hooked on the formulation andimplementation of practical strategies and policies on the basis of the Global and CountrysEconomic Performance. Kenyas economy continues to be robust and elastic, basically as a resultof effective structural reforms and reliable economic policies. On the same note, NyandaruaCounty is operating on a generally stable macroeconomic environment appropriate for attainingthe stated policy priorities and better service delivery. Thus, it is prudent to have a strong economicunderpin and fiscal discipline to aid in the creation and proper utilization of resources. The CFSPoutlines the Medium-Term Fiscal Framework, which offers mechanisms for entrenchingsustainable growth and development for efficient service delivery in Nyandarua County. This callsfor openness, transparency, accountability, responsiveness, and abiding by the rule of law tofacilitate fiscal discipline and maintain macroeconomic stability.The main sources of County revenue in the Medium Term will be Equitable Share from NationalGovernment, Local Revenue Collections and Donor Funding. In the 2020/21 FY and the MediumTerm, the County Government proposes a series of measures to increase revenue and balance itsfiscal spending. The County will thus focus on strengthening the potential it is endowed with tostimulate economic growth and development. The County Governments Fiscal Policies in FY2020/21 will focus on re-orientation of expenditure from recurrent to development.This Paper therefore puts into perspective how the County anticipates to expend its scarceresources in the 2020/21 FY and the Medium Term.
|Tags||nyeri, county, fiscal, strategy, paper, cfsp, for, 2020, 2021, nyeri-county-fiscal-strategy-paper-cfsp-for-2020-2021, Public Finance|