Kwale County Fiscal Strategy Paper 2020

Abstract

The preparation of 2020 County Fiscal Strategy Paper (CFSP) is guided by section 117 of the Public Finance Management Act (PFMA), 2012 and Regulations No. 25 (1) of the Public Finance Management Regulations 2015 (For County Governments). Section 117 of the PFM Act, 2012 states that the County Treasury shall prepare and submit to the County Executive Committee a County Fiscal Strategy Paper (CFSP) for approval and the County Treasury shall submit the approved Fiscal Strategy Paper to the County Assembly, by the 28th February of each year. The 2020 CFSP is prepared against a background of anticipated upward growth of the Kenya’s economy .The domestic economy is projected to expand by above 6.1 percent over the medium term. This will be attributable to the envisaged stable macro environment, robust services sector and ongoing investments in the National Government strategic priorities under the “Big Four” Plan. On the local scene, increased mining activities, sugarcane production, tourism earnings and infrastructural development are expected to boost the economy.