Vihiga County Fiscal Strategy Paper 2017

Abstract

The fiscal strategy of the County Government of Vihiga for the year 2017/2018 is set out in this paper. The CFSP is prepared in accordance to PFM Act section 117 which states that, the County Treasury shall prepare and submit to the County Executive Committee the County Fiscal Strategy Paper (CFSP) for approval and then shall submit the approved Fiscal Strategy Paper to the County Assembly, by the 28th February of each year. The contents of the CFSP are largely informed by the PFM Act section 117(2) which provides for the aligning of the CFSP with the national objectives in the Budget Policy Statement. The fiscal framework is guided by various principles which are in line with the medium term expenditure framework and the County Integrated Development Plan ( CIDP) among them: A strong revenue effort to ensure that the County budget has no deficit, budget expenditures are consistent with agreed County and sectorial priorities with increased shift away from recurrent to capital expenditures while ensuring resources for operation and maintenance of capital stock is provided for while at the same time providing sufficient fiscal space for infrastructural and social programmes necessary to achieving CIDP.