| dc.description.abstract | 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 | en_US |
