Baringo County Fiscal Strategy Paper 2025

Abstract

The 2025 County Fiscal Strategy Paper (CFSP) is formulated in alignment with the national development agenda as outlined in the 2025 Budget Policy Statement (BPS). This CFSP, the third to be prepared under the County Integrated Development Plan (CIDP), reflects the county’s commitment to advancing the National and County frameworks including governors manifesto, Bottom-Up Economic Transformation Agenda (BETA); Fourth Medium-Term Plan of Vision 2030 and the County integrated development Plan CIDP) among others. The CFSP serves as a strategic framework to guide resource allocation and implementation of priority programs aimed at fostering economic resilience and inclusive growth within the county. The main sources of county revenue, in the medium term, will be the equitable share, conditional grants, local revenue collections and donor funding. In the FY 2024/2024 and the medium term, the County Government proposes a series of measures to increase revenue and balance its fiscal spending. The County will focus on broadening the capital base through increased revenue streams with a view to stimulate economic growth and development. This paper, therefore, puts into perspective how the County anticipates expending its scarce resources in the FY 2024/2025 and the medium term. The preparation of the 2025 CFSP occurs against a backdrop of stable global and domestic economic projections. Global growth is expected to stabilize at 3.2 percent in 2024 and 3.3 percent in 2025, while Kenya’s economic growth is projected to recover to 5.3 percent in 2025, supported by enhanced agricultural productivity, a resilient services sector, and ongoing implementation of BETA priorities. At the county level, the focus will be on implementing strategic interventions that spur local economic growth, improve service delivery, and promote sustainable development Given the constrained fiscal environment, resource allocation in the 2025/26 budget and the medium-term framework will be driven by prioritization of high-impact programs while eliminating non-essential expenditures. County departments and agencies will be required to reevaluate ongoing and planned projects to ensure alignment with the county’s development priorities. Emphasis will be placed on the completion and operationalization of stalled or near-complete projects to maximize value for money and enhance service delivery.