Samburu County Fiscal Strategy Paper 2022

Abstract

This CFSP is prepared in accordance with provisions of Section 117 of the PFMA 2012. The County Fiscal Strategy Paper 2021 outlines the economic policies and sector priority programs to be implemented in the next MTEF period (2022/23-2024/25) whose priorities are derived from the Samburu residents and as anchored in the County Integrated Development Plan (CIDP), and the National Government’s economic policy under the Big Four agenda of Vision 2030. The policy document outlines the following broad areas: a review of the fiscal performance of the first Six months of FY 2021/2022; highlights of the recent economic developments and economic outlook; broad strategic priorities and policies for FY 2022/2023 as indicated in the Annual Development Plan 2022/2023 and as outlined in the Samburu County Integrated Development Plan II (2018-2022). In the FY 2022/23 budget estimates, the total revenue is projected to be Ksh. 5.7 Billion. This is comprised of an equitable share of Ksh 5.3 Billion as provided in 2021 BPS and Ksh 202 Million as Loans as well as unconditional and conditional grants. Own source revenue is projected to be Ksh 156 Million. The County Government has projected that overall expenditure will be equal to the forecasted County receipts for FY2022/2023. The County allocation for development expenditure will be Ksh 1.7 Billion which is 30% of total expenditure while recurrent expenditure will amount to Ksh 4 Billion which is 70 % of total expenditure.