Bomet County Fiscal Strategy Paper 2025

Abstract

The County Fiscal Strategy Paper lays down the foundation for the preparation of the budget and medium term expenditure framework in accordance with Section 117 of the Public Finance Management Act 2012. The document sets out the County Governments economic policies and key priority programs to be implemented in the upcoming financial year budget and Medium-Term Expenditure Framework (MTEF) in line with the County Integrated Development Plan 2023-2027. This strategy paper offers mechanisms for achieving sustainable growth and development through efficient service delivery in Bomet County. The County priorities and goals outlined herein are based on the County Integrated Development Plan (CIDP), Governor’s manifesto and the County Annual Development Plan for Financial year 2025/2026. The expenditure priorities in the Sector ceilings in this Fiscal Strategy Paper have been aligned to the Budget Policy Statement, specifically the strategic interventions articulated in the Bottom-up Economic Transformation Agenda (BETA) and anchored on the Fourth Medium Term Plan of the vision 2030. Measures will be put in place to ensure prudent expenditure and revenue management to improve the county government’s fiscal position. The County Government will adopt new measures aimed at improving own source revenue collection. This includes implementation of the Revenue Enhancement Strategy, adoption of new revenue system, improving technical capacity of staff in Revenue Department and development of revenue bills and policies which are aimed at strengthening local revenue performance. The new administrative measures already in place and policy strategies set to be implemented are expected to create a significant positive impact on own source revenue collection. The County Treasury, therefore, will identify various streams of revenue that are meant to tap resources in achieving the target. The measures being put in place will zeal potential loopholes on revenue leakages.