Makueni County Fiscal Strategy Paper 2019

Abstract

he County Treasury is mandated by the Public Finance Management Act, 2012 (PFMA) Section 117 to prepare and submit, to the County Assembly, the County Fiscal Strategy Paper (CFSP) by 28th February each year. As per the PFMA Section 117 (7), the County Assembly is required to consider and may adopt the CFSP with or without amendments not later than fourteen days after submission by the County Treasury. The County Treasury is mandated to publish and publicize the CFSP within seven days after it has been submitted to the county assembly. In doing so, The County Treasury is required to consider recommendations made by the County Assembly while adopting the CFSP and incorporate the comments while finalizing the Budget estimates. The CFSP specifies the broad strategic priorities and policy goals that will guide the county government in preparing the FY 2020/21 budget and over the medium term. It also contains the financial outlook with respect to county government revenues and expenditures for the coming financial year and respective sector wide ceilings limits over the Medium term.