Elgeyo Marakwet County Fiscal Strategy Paper 2024

Abstract

The 2024 CFSP serves as a strategic roadmap, aligning the county's priorities with the national objectives outlined in the 2024 Budget Policy Statement (BPS) for the 2024/25 Financial Years. In the backdrop of a national economic slowdown, heightened inflation, and the challenges posed by national debt repayments, this document carefully navigates the fiscal landscape, acknowledging the need for prudence and adaptability. However, the fiscal space presents challenges, including a slight increase in allocated funds to counties. In response, the Elgeyo Marakwet County Government has devised strategies to optimize resources. The reorganization of budget priorities within the 2024 CFSP reflects our dedication to achieving county strategic focus areas and BETA objectives. Also, focus will be put on revamping Own Source Revenue (OSR) management to enhance the revenue base and thus sustain the delivery of services. This will be strengthened through scaling up the use of technology to enhance efficiency in collections and seal leakages.