Baringo County Fiscal Strategy Paper 2014

Abstract

The 2014/15 county fiscal strategy paper is developed in accordance with the requirements of the Public Finance Management Act 2012; section 117. This fiscal strategy paper is framed against a broad fiscal policy and reform measures underpinning the budget for the year 2014/15, outlining expenditures on priority programmes and allocation of resources as per each sectoral medium term plan. These developments together with synergy for devolved systems of administration ensures that the county government will continue with the important function of sustainable economic growth, create employment and ensure poverty reduction. The fiscal strategy takes cognisance of the reality of scarce resource and the fact that there is need to invest on high impact programmes within a framework of sustainable fiscal stance. We are alive to the fact that, the county faces myriad challenges among them poor infrastructure, water resources, access to healthcare, poor road network, environmental degradation market access, unemployment, insecurity among others. To address this challenges the government presents this fiscal strategy paper on the basis of laying a solid foundation for faster socioeconomic development and sustainable growth.