Lamu County Fiscal Strategy Paper 2022

Abstract

The fiscal strategy of Lamu County Government for the year 2022/2023 is set out in this paper. The CFSP is prepared in accordance to PFM Act section 117 that states that, the County Treasury shall prepare and submit to the County Executive Committee the County Fiscal Strategy Paper (CFSP) for approval and then shall submit the approved Fiscal Strategy Paper to the County Assembly, by 28 February of each year. However, due to the expected general election next year, the calendar was revised to avoid a situation where counties can lack quorum to pass budgets due to increased electioneering campaigns. The contents of the CFSP are largely informed by the PFM Act section 117(2), which provides for the aligning of the CFSP with the national objectives in the Budget Policy Statement. The CFSP serves as the basis for the preparation of the annual estimates of revenue and expenditure for the County Budget FY 2022/2023. The county fiscal strategy paper has five chapters, as outlined below: Chapter I- Introduction to county fiscal strategy paper. This chapter outlines legal basis for the preparation of the county fiscal strategy paper, fiscal responsibility principles and the strategic objective of the County Government.