Homa Bay County Fiscal Strategy Paper 2020

Abstract

This County Fiscal Strategy Paper is the third in the country’s plan period 2018-2022. The paper provides an assessment of the economic and financial outlook of the county and foreseeable threats to that outlook. The paper therefore proposes expenditures ceilings for all county entities and explains prospect for deviation from provisions in the fiscal framework. The paper ultimately provides the fiscal framework and explain prospect of complying with the fiscal responsibility principles. Equally, the paper provides an analysis and explanation of policies for revenue mobilization, expenditure prioritization and deficit financing. The CFSP 2020 builds on the gains realized in key sectors from the early stages of devolution but is positioned to support full achievement of objectives of the CIDP II, the Medium-Term Plan III and ultimately Kenya Vision 2030. The focus is on augmenting economic transformation by strengthening the frameworks for performance management and service delivery.