https://repository.kippra.or.ke/handle/123456789/1171 2022-10-31T07:23:08Z https://repository.kippra.or.ke/handle/123456789/3800 Bungoma County Fiscal Strategy Paper 2022 The 2022 County Fiscal Strategy Paper (CFSP), sets out the County priority programs and reforms to be implemented over the next three years (2022/23 to 2024/25). The programs and policies herein reflect the concerns of the people living in Bungoma and are anchored on the CIDP II (2018-2022). These priority programs will build on the cumulative achievements realized under the MTEF period 2018/19 – 2020/21. This County Fiscal Strategy Paper (CFSP) is prepared against a background of expected global recovery after a slump in 2020 occasioned by the negative effects of the COVID-19 pandemic. The global economy is projected to grow by 5.9 percent in 2021, from a contraction of 3.1 percent in 2020. However, economic prospects vary across countries with the emerging markets and developing economies expected to pick up slowly compared to advanced economies given different country policy responses to the pandemic. 2022-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3398 Bungoma County Fiscal Strategy Paper 2020 The Bungoma County Fiscal Strategy Paper (CFSP 2020) is prepared as provided for under section 117 of PFM Act of 2012. This paper highlights the legal framework underlying the fiscal responsibility for the County Government while reviewing the recent economic development. It sets out: 1. The budget performance in the previous year and the first six months of the current year. This data is important for making decisions about what is realistic going forward as it shows the absorption capacity of each sector. 2. Informed by the performance data, projections of the total budget for the coming financial year are made in the CFSP. 3. Priorities in the budget are then set out in the narrative section with an explanation on the choices made in the coming budget year between different sectors and within the sector 4. CFSP also sets ceilings in the budget. That is the maximum amount of funds going to each sector. This is the final distribution of funds across sectors. By estimating total revenue, total spending, and, where spending is larger than revenue, the total deficit (also referred to as financing), CFSP defines how big the total budget should be in the next year 2020-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3390 Bungoma County Fiscal Strategy Paper 2018 Kenya’s Gross Domestic Product (GDP) is estimated to have expanded by 5.8 per cent in 2016 compared to a revised growth of 5.7 per cent in 2015. The positive outlook for Kenya is expected to continue in the Medium Term. As a county, we shall continue contributing to the National Growth by investing in key priority sectors of Agriculture, Health and Education. We plan to sustain and expand investments in our physical infrastructure, ICT and financial services to ensure they rightfully function as an enablers of higher productivity. 2018-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3389 Bungoma County Fiscal Strategy Paper 2016 This 2016 County Fiscal Strategy Paper (CFSP) has been prepared against the backdrop of mixed global economic prospects, underpinned by gradual strengthening of the advanced economies and slowing down of the Asian giant - China. Overall the positive trajectory for Kenyan economy and the global outlook is expected to continue. Kenya’s GDP recorded 5.3 percent growth in 2014 against the 5.7 percent recorded in 2013.In 2015, GDP grew by 5.6 percent. The national GDP is projected to grow at 5.9 per cent in 2016 and to accelerate to 6.5 by 2017. The National treasury has managed to maintain stable fiscal and monetary environment. It is against this momentum that CFSP focuses to accelerate economic growth by riding on the macroeconomic stability; focusing on fiscal discipline and structural reforms; and deepening investment in critical economic & social infrastructure aimed at promoting productivity and facilitating expansion of the private sector. Further negotiations and discussions through the intergovernmental forum is expected to bring more resources to the counties; the additional resources will be committed to critical areas of development The broad strategic policies planned for the fiscal year 2017/18 are expected to build on the 2016/17 achievements and in the medium term will attain resilience necessary for employment creation and poverty reduction. 2016-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3387 Bungoma County Fiscal Strategy Paper 2021 The 2021 County Fiscal Strategy Paper (CFSP), sets out the County priority programs and reforms to be implemented over the next three years (2021/22 to 2023/24). The programs and policies herein reflect the concerns of the people living in Bungoma and are anchored on the CIDP II (2018-2022). These priority programs will build on the cumulative achievements realized under the MTEF period 2017/18 – 2019/20. This CFSP is prepared against a backdrop of the COVID-19 Pandemic. As a result, global economy is estimated to have contracted by 3.5 percent in 2020 from a growth of 2.8 percent in 2019. Global growth is projected to pick up to 5.5 percent in 2021 reflecting expectations of an increase of economic activities in the large economies. On the domestic scene, Kenya has not been spared of the negative impact of the Pandemic. The resultant containment measures have adversely affected businesses and economic activities causing significant contractions in the services and industry sub-sectors. As a result, the Kenyan economy contracted by 5.7 percent in the second quarter of 2020 from a growth of 4.9 percent in the first quarter of 2020. 2021-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/1181 Bungoma County Fiscal Strategy Paper 2019 This CFSP underlines the importance of continued pursuit of high and sustainable economic growth, employment creation and poverty reduction objectives. On the fiscal front, it takes cognizance of the reality that available resources are scarce and that there is need to focus on County priority programmes that have high impact on stated national and county objectives, but within a framework of a stable macroeconomic environment.. 2019-01-01T00:00:00Z