|Publisher||Council of Governors (CoG)|
|Year of Publication||2018|
The 2018 Debt Management Strategy (DMS) has been prepared in accordance with thePublic Finance Management Act 2012 section 123 (1). It is provided that the CountyTreasury shall submit to the County Assembly a statement setting out the Debt ManagementStrategy of the County Government over the medium term clearly showing its actual liabilityin respect of loans and its plan for dealing with those liabilities.The Strategy provides guidance to the County Government on the amount and type ofborrowing to undertake over the medium term. It also evaluates the costs and risks of variousdebt management strategies and provides recommendations on optimal strategy forimplementation.The strategy further outlines priorities that will assist in the financial risk reduction. TheCounty Government recognizes the need for prudence in debt management so as to avoidunwarranted financial risks that emanates from poor debt management strategies. TheCounty is employing significant efforts and resources to ensure improvement in the debtmanagement as well as enhancing capacity of assessing risks.The Taita Taveta County Governments debt will only realize sustainability if a prudent debtmanagement and borrowing policy is adopted by the County Government.
|Tags||taita, taveta, medium, term, county, debt, management, strategy, paper, taita-taveta-medium-term-county-debt-management-strategy-paper, Public Finance|