Baringo County Fiscal Strategy Paper 2023/2024

Abstract

One of the key stages in the County budget preparation cycle is the production of the County Fiscal Strategy Paper (CFSP). It sets out the county policy goals and strategic priorities that will be the basis for formulation of the County’s Financial Year 2023/2024 budget and the Medium-Term projections. This is an annual planning document that shows the various fiscal strategies that the County Government intends to employ to meet its overall objective of improving the livelihoods of its citizens. The County priorities and goals outlined herein is drawn from the County Integrated Development Plan as enunciated in the 2023/2024 Annual Development Plan with emphasis on investment in: Agricultural transformation, accessibility of water for domestic, livestock and irrigation purposes, accessibility to quality health care services and investment growth for wealth and employment creation. These priorities link the county planning and policies to the budget process and forms the basis for the formulation of 2023/2024 FY. The policy outlined in this CFSP draws from the national development agenda as outlined in the Fourth Medium Term Plan (MTP IV) of the Vision 2030 and targets to attain the Sustainable Development Goals (SDGs) of the United Nations. The policy supports investments in “The Bottom – Up Economic Transformation Agenda for Inclusive Growth” Which include the core pillars namely, Agricultural Transformation; Micro, Small and Medium Enterprise (MSME) Economy; Housing and Settlement; Healthcare; and Digital Superhighway and Creative Industry.