|Publisher||Council of Governors (CoG)|
|Year of Publication||2014|
This is the first county fiscal strategy prepared by the county government of West Pokot as part of theefforts to ensure effective linkage between policy, planning and budgeting. It provides an updatedresource envelope of Ksh. 3.7 Billion for the 2014/2015 county budget, presents a fiscal frameworkand ministerial ceilings for the fiscal year and the medium term.The 2014 County Fiscal Strategy Paper is the County Governments effort to specify the broad strategicpriorities and policy goals that will guide the county in preparation of its budget for 2014/15 financialyear and over the medium term. It provides the county resource envelop and presents a fiscalframework for the next budget and the medium term. It also sets indicative ministerial ceilings in linewith outlined sector key strategic objectives as set out in the County Integrated development plan. Ithas been informed by the priorities identified in the first county integrated development plan which wasdeveloped through a participatory process.The strategy paper has been prepared against the back drop of slightly improving global economicrecovery although downside risks remain. Kenyas Real GDP is expected to grow by 5.8 percent in2014 up from 4.6 percent in 2012 and an estimated 5.1 percent in 2013, while over the medium term, growth is expected to pick-up gradually and cross the 7 percent mark by 2017, as globalconditions improve and macroeconomic stability is sustained. The recovery of the advancedeconomies from recession is expected to have a positive impact on the county. This is due to the factthat as an agricultural based economy, the county is expected to benefit from these advancedeconomies as more agricultural products will find its way into these economies.The county government of West Pokot is committed to ensuring the success of devolution. In thisregard, the need for continued fiscal discipline and prudent utilization of public resources isemphasized. This therefore calls for greater transparency and accountability in public financemanagement at the county level.The ministerial priorities for the 2014/2015 fiscal year include investment in agriculture and irrigation toboost county food security, health, road infrastructure, education, water, strengthening businessenvironment and support to Small and Micro enterprises to boost job creation more specifically for theyouth. Other sectors have also been given prominence due to their contribution towards citizensocioeconomic transformation. Allocation of resources has been premised on the county strategicpriorities and on the principle of funds follow functions.iiiThe unveiling of this fiscal strategy paper with a budget estimate of ksh 3.7 Billion for the 2014/2015fiscal year is a clear demonstration of our commitment to the realization of our county vision of beingthe leading county in effective and efficient resource management, sustainable development andservice delivery. I call upon all our stakeholders and the national government to continue supporting uson the basis of mutual respect, cooperation and consultation.
|Tags||west, pokot, county, fiscal, strategy, County Fiscal Strategy of West Pokot, Public Finance|