https://repository.kippra.or.ke/handle/123456789/109 Mon, 31 Oct 2022 07:47:00 GMT 2022-10-31T07:47:00Z https://repository.kippra.or.ke/handle/123456789/3060 Nairobi County Fiscal Strategy Paper 2021 The Nairobi County Fiscal Strategy Paper is prepared pursuant to section 117(1) and (6) of the Public Finance Management Act (PFMA), 2012, and will provide the fiscal policy direction towards the budget 2021/2022. The CFSP 2021 is the fourth paper towards the implementation of the CIDP 2018-2022, and focus remains on the finalization of the county’s eight development objectives, while at the same time proposing interventions that will cushion Nairobian’s from the effects of the Covid-19 Pandemic and help them towards the recovery path in consonance with the Budget Policy Statement 2021. The Government did not report much successes in the FY 2019/2020 due to the Covid-19 pandemic that largely affected County’s performance both in revenue collection and expenditure. Total expenditures by commitments in financial year 2019/2020 amounted to Ksh. 23.35 B against a target of Ksh. 36.98 B. This paper proposes a budget of Ksh. 37.1 Billion, which will finance both the retained functions, and the ones transferred to NMS; a 31.9 % increment from the final accounts of FY 2019/2020, where Ksh 20.7 B was actualized. It is projected that a total of Ksh. 19.8 Billions will be collected from own source revenue (53.4% of total) and Ksh 17.3 Billion as external revenue (46.6% of total). Fri, 01 Jan 2021 00:00:00 GMT https://repository.kippra.or.ke/handle/123456789/3060 2021-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/2547 Nairobi County Fiscal Strategy Paper 2019 The 2019/20 Fiscal Strategy Paper provides a broad overview of the Government’s Economic Policy Framework for rolling out the second phase of implementation of the County Integrated Development Plan 2018 – 2022. This paper has been prepared in the backdrop of slowed performance of revenues at the local level and with prospects of budget cuts from National Treasury. There remains some degree of uncertainty with regard to the conclusiveness of the proposed third basis for revenue sharing as proposed by the Commission on Revenue Allocation (CRA). Further, strong indications of a compressed sharable revenue allocation points to a tighter operating environment in the coming days. Tue, 01 Jan 2019 00:00:00 GMT https://repository.kippra.or.ke/handle/123456789/2547 2019-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/1439 Nairobi County Fiscal Strategy Paper 2020 The Nairobi County Fiscal Strategy Paper is prepared pursuant to section 117(1) and (6) of the Public Finance Management Act (PFMA), 2012, and will provide the fiscal policy direction towards the budget 2020/2021.Being the third paper in the five year series of the CIDP 2018-2022, the county’s eight development objectives remain the overaching goal, but it is also aligned to the national goals of development as espoused in the Third Medium Term Plan (The ‘Big Four Agenda’) and the Budget Policy Statement 2020.The key focus of this paper is to advance the gains already achieved in the first two years of implementation of the CIDP, ensuring sustainability of county’s investment in the medium term, and investing in all social areas to ensure positive development to all Nairobians. The previous years were characterized by resource challenges, which affected negatively the implementation of planned programmes. The county missed its revenue targets by 26.8% and 19.2% in 2017/2018 and 2018/2019 respectively. The main contributor to this shortfall was the Own Source Revenue which only met 59% and 65.6% of the targets set in 2017/18 and 2018/19 respectively. Reversal of this dire situation has been considered substantially in this paper, with proposals on how to boost revenue from the five key sources. Upscaling the local component of budget supply will seek to re-engineer the entire resource mobilization framework in its entirety. In particular, the scheduled implementation of the 2019 land valuation roll upon approval by the County Assembly is projected to accelerate the strides towards the county’s financial sufficiency Wed, 01 Jan 2020 00:00:00 GMT https://repository.kippra.or.ke/handle/123456789/1439 2020-01-01T00:00:00Z