Trans Nzoia County Fiscal Strategy Paper 2023

Abstract

This County Fiscal Strategy Paper (CFSP 2023) has been formulated as per the Section 117 of the PFM Act 2012 and the PFM (County Government) Regulations 2015. The 2023 County Fiscal Strategy Paper is the first to be prepared under the new administration following the 2022 general election and sets out the administrations priority programmes, policies and reforms to be implemented in the Medium Term Expenditure Framework (MTEF). The CFSP provides a policy Framework that guides the resource allocation across the County departments as well as outlines the various sources of revenue which will finance the proposed expenditure for the MTEF period 2023/24-2025/26. The 2023 CFSP comes at a time when the County has finalized the preparation of the Third Generation County Integrated Development Plan (CIDP) 2023- 2027 that aims at implementing Transformative Agenda for accelerated growth and improved social welfare for the citizens of Trans Nzoia County. The CFSP outlines the strategic priorities of the new Administration, highlights the current state of the economy, provides macro-fiscal outlook over the medium term together with a summary of County Government expenditure Ceilings as a basis for the FY 2023/24 budget. The publication of the 2023 CFSP aims to improve the understanding of the County’s public finance management and guide debate on economic and development matters.