Elgeyo Marakwet County Fiscal Strategy Paper 2014

Abstract

This County Fiscal Strategy Paper (CFSP) was prepared in the backdrop of the new financial governance framework in the country under the Constitution of Kenya and the Public Finance Management Act, 2012. This together with the already prepared and approved County Integrated Development Plan (CIDP) and its yearly Annual Work-Plans will guide development initiatives’ implementations and the required governance objectives such as efficiency, effectiveness and economy in financial management. Given that this is the first CFSP for the county under the new devolved governance structure, its preparation comes at a time when the county is settling down to implement its development aspirations within a workable structure while at the same time aligning its broad strategic development priorities and its policy goals with those of the national and global development entities. Development objectives identified in the CIDP and upon which the CFSP is anchored were identified to be in tandem with those of the Vision 2030 and the Millennium Development Goals (MDGs). However, these priority proposals can only succeed in a stable macro-economic environment that is linked with the national broad macroeconomic development strategies. This document thus provides a fiscal framework which is important for the success of the county development executions through informed budgeting.