Vihiga County Fiscal Strategy Paper 2019

Abstract

The Vihiga County Fiscal Strategy Paper 2019 lays down the framework for the preparation of the 2019/2020 County budget in accordance with the Public Finance Management Act 2012, section 117. It sets out the County Government of Vihiga’s economic policies and key priority programs to be implemented in the Medium-Term Expenditure Framework (MTEF) in line with Vihiga County Integrated Development Plan 2017-2022 and the Annual Development Plans for 2019/2020. CFSP outlines the budget performance in the previous year 2017/18 and the first six months of the current year 2018/19. It contains data on revenue and expenditure performance as compared to the respective budget estimates. This data allows us to ask questions like: are our revenue estimates realistic? If we give more money to a given department, can they actually spend it? Informed by the performance data, we can then project the total budget (revenue, expenditure and deficit) for the coming financial year 2019/20.