Tharaka Nithi County Fiscal Strategy Paper 2023

Abstract

The 2023 CFSP is the first to be prepared under the third generation CIDP (2023-2027) and sets out the governments priority programs, policies and reforms that will be implemented in the Medium-Term Expenditure Framework (MTEF). The document is framed against a backdrop of global economic slowdown occasioned by the ongoing Russia-Ukraine conflict, elevated global inflation, lingering effects of the COVID-19 pandemic, and persistent supply chain disruptions. This paper provides a review of the fiscal performance of FY 2021/22, the fiscal performance of first half of the FY 2022/23; highlights of the recent economic developments and economic outlook; broad strategic priorities and policies for FY 2023/24 as outlined in the Medium-Term Expenditure Framework and in the just completed County Integrated Development Plan (CIDP) 2023-2027.