Mombasa City County Fiscal Strategy Paper 2014

Abstract

This fiscal strategy paper, the first to be prepared by the Mombasa County Government sets out the Administration’s priority programs to be implemented in the Medium Term Expenditure Framework (MTEF) under the devolved system of Government. It is framed under a backdrop of improving global economic prospects underpinned by gradual strengthening of the advanced economies and continued robust growth in Sub- Saharan Africa. These developments together with renewed investor confidence following recent peaceful elections bode well for accelerated economic growth prospects and creation of more jobs in Kenya. Kenya’s economy remains strong and resilient largely on account of bold economic policies and structural reforms as well as sound economic management implemented over the last decade. Today Kenya is considered a frontier economy with an impressive turn around in economic performance. Prudent economic policies have helped anchor the conditions for strong and stable growth. There are, however challenges that continue to hold our economy back from achieving its full potential. Through this County Fiscal strategy paper, we are addressing these challenges and building on our successes as a basis for our economic and transformation agenda.