| dc.description.abstract | The preparation of 2020 County Fiscal Strategy Paper (CFSP) is guided by section 117 of the
Public Finance Management Act (PFMA), 2012 and Regulations No. 25 (1) of the Public
Finance Management Regulations 2015 (For County Governments). Section 117 of the PFM
Act, 2012 states that the County Treasury shall prepare and submit to the County Executive
Committee a County Fiscal Strategy Paper (CFSP) for approval and the County Treasury shall
submit the approved Fiscal Strategy Paper to the County Assembly, by the 28th February of each
year.
The 2020 CFSP is prepared against a background of anticipated upward growth of the Kenya’s
economy .The domestic economy is projected to expand by above 6.1 percent over the medium
term. This will be attributable to the envisaged stable macro environment, robust services sector
and ongoing investments in the National Government strategic priorities under the “Big Four”
Plan. On the local scene, increased mining activities, sugarcane production, tourism earnings and
infrastructural development are expected to boost the economy. | |
