Busia County Fiscal Strategy Paper 2016

Abstract

This County Fiscal Strategy Paper (CFSP) is the third to be prepared since the inception of the County Governments and sets out county policy goals and strategic priorities that will form the basis for budgeting for the financial Year 2016/2017 and the Medium Term. It has been prepared in accordance with section 117 of the Public Finance Management Act, 2012 and aligned to the Budget Policy Statement published by the National Treasury. It outlines the county priorities and goals based on the County Integrated Development Plan (CIDP) and Annual Development Plan with emphasis on investment in: Agriculture, Trade, Cooperatives, Infrastructure, and accessibility to water, health care and education. These priorities shall form the basis for resource allocation. The main objective of the Medium Term Expenditure Framework is to link planning and policies to the county budget. It also covers the following broad areas in review of the fiscal performance of financial year 2015/2016: overview of the recent economic developments and economic outlook; review of fiscal performance and emerging challenges; broad strategic priorities and policies for the Medium Term and the Medium Term Fiscal Framework. Overall, emphasis will go towards growing the local revenues to ensure a sustainable