Lamu County Fiscal Strategy Paper 2021

Abstract

The County Fiscal Strategy Paper (CFSP 2021) is the fourth to be prepared under the current administration. The CFSP is prepared as provided under Section 117 of PFM Act of 2012. The CFSP 2021 has been prepared against the backdrop of the three year in the implementation of the CIDP 2018-2022 and the Governor agenda for transformation espoused in the Governors Manifesto, and the National Big Four Agenda in MTP III (2018-2022). Kenya’s economic growth has remained strong and resilient even under emerging global challenges, supported by strong public and private sector investment and appropriate economic and financial policies. According to the National Treasury Economic update the economy grew by 6.3 percent in 2018 up from a growth of 4.9 percent in 2017. In the year 2019, the economy is estimated to have expanded by 5.6 it is projected that the economy will expand by above 6.1 percent in 2020 and 7.0 percent over the medium term. During the period under review the County Government of Lamu made major gains in the implementation of the CIDP 2018-2022 as well as operationalized Lamu Municipal Boards and the Audit Committee. During the FY 2019/20, there was a major improvement in own source revenue performance compared a similar period in FY 2017/18 with the recorded figure of 108 million surpassing the set target of Kshs 100 million.