Kericho County Fiscal Strategy Paper 2015

Abstract

The County Fiscal Strategy Paper (CFSP) outlines the macroeconomic performance of the county which informs and guides the formulation of budget, tax and revenue policies. The main result of the CFSP process is an estimate of resources that will be available to finance county recurrent and development expenditures. In other words, the CFSP will establish the ceilings for the county budget, including those of departments. The ceilings shall be estimated for a three year budget cycle and once approved shall guide budget process….