Bungoma County Fiscal Strategy Paper 2020

Abstract

The Bungoma County Fiscal Strategy Paper (CFSP 2020) is prepared as provided for under section 117 of PFM Act of 2012. This paper highlights the legal framework underlying the fiscal responsibility for the County Government while reviewing the recent economic development. It sets out: 1. The budget performance in the previous year and the first six months of the current year. This data is important for making decisions about what is realistic going forward as it shows the absorption capacity of each sector. 2. Informed by the performance data, projections of the total budget for the coming financial year are made in the CFSP. 3. Priorities in the budget are then set out in the narrative section with an explanation on the choices made in the coming budget year between different sectors and within the sector 4. CFSP also sets ceilings in the budget. That is the maximum amount of funds going to each sector. This is the final distribution of funds across sectors. By estimating total revenue, total spending, and, where spending is larger than revenue, the total deficit (also referred to as financing), CFSP defines how big the total budget should be in the next year