Machakos County Fiscal Strategy Paper 2023

Abstract

This The County Fiscal Strategy Paper (CFSP) is a policy document that outlines County Government's fiscal strategy and priorities for a given Financial Year. It is usually developed by the County Treasury and serves as a guide for the County Government's budget process. The fiscal strategy paper is an important document as it sets the overall policy framework for resource allocation and informs the budget-making process. 2. The fiscal strategy paper contains the following elements:  Economic analysis: An overview of the current economic situation in the County, including economic performance, trends and projections.  Revenue projections: An estimate of the expected revenue sources for the County i.e. Equitable share, Own Source Revenue, conditional grants and other sources of income.  Expenditure priorities: A statement of the County Government's expenditure priorities for the coming financial year, including a breakdown of planned expenditures by sector and program.  Fiscal risks and constraints: An assessment of the potential risks and constraints that could impact the County Government's ability to meet its expenditure priorities, including external factors such as economic shocks or internal factors such as budgetary constraints.