Baringo County Fiscal Strategy Paper 2021

Abstract

The preparation of this County Fiscal Strategy paper was done in the backdrop of reduced funding from the National government and meagre local revenues that has continued to decline due to the effects of Covid-19 pandemic and other shocks affecting the county such as floods, drought, locust invasion and insecurity. Though the strategies outlined in this policy statement are noble in pushing the county and the national agenda forward, there is an increase in the equitable share from Kes 5.095 Billion in 2020/21 Financial Year to Kes 6.369 billion in the National Policy Budget Statement. Local revenue sources performance has not matched the increasing demand on expenditure as staff emoluments keep on putting pressure on the fiscal sustainability. The County Fiscal Strategy Paper (CFSP) puts strategic direction towards wealth creation for economic growth. It also takes into cognizant of the resource envelope and project implementation performance.