|Publisher||Council of Governors (CoG)|
|Year of Publication||2020|
According to section 104 of the Public Finance Management Act, 2012, the CountyTreasury has the responsibility of monitoring, evaluating and overseeing the management ofpublic finances and economic affairs of the County Government and specifically has the followingresponsibilities: - Developing and implementing financial and economic policies; Preparing the annual budget and Coordinating the preparation of estimates of revenueand expenditure; Coordinating the implementation of budget; Mobilizing resources for funding the budgetary requirements and putting in placemechanisms to raise revenue and other resources; Managing county public debt and other obligations and developing a framework of debtcontrol; Consolidating the Annual Appropriation accounts and other financial statements; Ensuring proper management, control, and accounting of the county finances; Strengthening financial and fiscal relations between the national and county governments; Reporting regularly and specifically quarterly to the County Assembly, Office of theController of the Budget, National Treasury and Commission of Revenue allocation on thebudget implementation; Issuing circulars with respect to financial matters relating to county government entities; Ensuring compliance with the Constitution, PFM Act, 2012 and its Regulations (CountyGovernment), 2015, provisions on public finance management.(iv) The County Government aims to achieve higher and sustainable growth, generateemployment and reduce poverty and inequality thus enabling Nyeri to realize, faster, theaspirations of the Big Four Agenda, Kenya Vision 2030 and Sustainable Development Goals(SDGs).(v) Further, broad development policies outlined in the above documents will continue to formthe basis for prioritizing expenditures over the medium term within a sustainable fiscal framework.Priority will be given to programmes and projects aimed at improving the wellbeing of thecommunity especially in production and marketing of locally produced products so as to stimulate economic growth and employment creation especially after the shock occasioned by the globaloutbreak of the global Covid-19 pandemic.
|Tags||nyeri, county, budget, Nyeri-County-Budget-Circular-FY-2021-2022, Public Finance|
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