Elgeyo Marakwet County Fiscal Strategy Paper 2022

Abstract

This County Fiscal Strategy Paper (CFSP) of 2022/2023 financial year is being prepared against a background of a contracting global economy occasioned by the outbreak and rapid spread of Covid-19 Pandemic which has disrupted businesses, livelihood and economic variance among various countries which are expected to hoist. Nonetheless, there has been an improvement in economic activities in the fourth quarters of 2021 albeit at a slow pace, following the re-opening of the economy. This is the ninth CFSP to be prepared since the inception of devolution which gave life to the County Government of Elgeyo Marakwet and other governance structures. The CFSP sets out the county's priority programs to be implemented under the Medium-Term Expenditure Framework (MTEF III) and aligns the aspirations of the county with those of the National government as stated in the 2022 Budget Policy Statement (BPS) and provisions of Elgeyo Marakwet County Equitable Development Act (EDA), 2015. Development expenditures within the MTEF period will be shared out based on the parameters of EDA, 2015 to ensure social economic equity. There is also a need to adhere and implement the provisions of the Public Finance Management (County Governments) Regulations, 2015 for effective public finance management. Implementation of programs expounded in this CFSP is expected to raise county economic efficiency and productivity and in turn, make the county competitive, thus creating vast opportunities for productive jobs and securing livelihoods.