Publisher | Council of Governors (CoG) |
Year of Publication | 2018 |
Category | |
County | Nyandarua |
Description | This is the fifth CFSP under the devolved governance structure. It purposes is to assist publicunderstanding of the fiscal situation and the government proposed budget strategies. Thepaper sets out the broad strategies, priorities and policy goal that will guide the countygovernment in preparing its budget for the coming financial year and over the medium term.It gives a description of the county government fiscal policy, strategies and rules as well asproviding the fiscal projections indicative budget ceiling for use in 201819 MTEF budget.The county Government recognizes the importance of transparency and accountability asbeing not only necessary for good governance but also for the formulation of sensibleeconomic policies. The priorities and goals outlined herein are based on County IntegratedDevelopment plan and the Governors Manifesto with emphasis on: Good governance social sector development in Education, Health, culture, Peace and Security infrastructure development in water, energy, Transport and communication, ICT Agricultural development and value addition, market linkages and introduction ofhigh value products like giant bamboo, pyrethrum and sugar beets. Industrialization; industrial park, cottage industries, Agro processing and appropriatetechnology.These priorities shall form the basis for formulation of FY201819 budget and the mediumterm. The paper therefore marks county planning and policies to budget which is the mainexpenditure framework. The paper covers the following broad areas; the review of the fiscalperformance of financial year 201718 and highlights of the recent economic developmentand economic outlook.The fiscal framework presented in the paper ensures a sustainable financing while allowingachievement of the set objectives, call for greater transparency, and effectiveness andefficiency in public finance management in order to ensure fiscal discipline. |
Tags | nyandarua, county, fiscal, strategypaper, cfsp, for, 2018, 2019, nyandarua-county-fiscal-strategypaper-cfsp-for-2018-2019, Public Finance |
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