Nyamira County Debt Management Strategy Paper 2019

Abstract

The 2019 Nyamira County Government Debt Management Strategy is the fifth to be generated by the County Treasury. This is in line with section 123 of the Public Finance Management Act 2012 which stipulates that on or before the 28th February of each year, the County Treasury shall submit to the County Assembly a statement setting out the Debt Management Strategy of the county government over the medium term. This Debt Management Strategy is structured in four chapters: Chapter one provides an overview of the Debt Management Strategy and outline of the paper. The chapter further provides the legal basis for the preparation of the Debt Management Strategy Paper. Chapter two discusses the objectives, goals and principles of debt management and the need for the County Government to develop the same.