Elgeyo Marakwet County Fiscal Strategy Paper 2025

Abstract

he 2025 CFSP acts as a strategic guide, ensuring the county's priorities align with the national goals outlined in the 2025 Budget Policy Statement (BPS) for the 2025/26 financial year. Amid a national economic slowdown, rising inflation, and the pressures of national debt repayments, this document thoughtfully navigates the fiscal environment, emphasizing the importance of prudence and flexibility. Despite a modest increase in county allocations, fiscal constraints remain a challenge. In response, the Elgeyo Marakwet County Government has developed strategies to maximize resource utilization. The restructuring of budget priorities in the 2025 CFSP demonstrates our commitment to advancing county strategic focus areas and BETA objectives. Additionally, efforts will be directed toward improving Own Source Revenue (OSR) management to expand the revenue base and ensure sustainable service delivery. This will be reinforced by leveraging technology to enhance collection efficiency and eliminate revenue leakages. Acknowledging the importance of fiscal prudence, we are taking proactive steps to ease wage bill pressure on the county's financial resources. In the 2025/26 Fiscal Year, we anticipate a notable decrease, reducing the wage bill to 43.45% of the budget. This decline underscores our commitment to striking a sustainable balance between maintaining an efficient workforce and complying with fiscal guidelines. The 2025 CFSP is a product of objective reviews, considering departmental capacities, outcomes, public input, and adherence to financial regulations. As the county embarks on this fiscal journey, its focus is on delivering quality services, fostering economic growth, and realizing the vision of transformative leadership through accountable governance.