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<< Click to Display Table of Contents >> Navigation: Finance and Economic Planning > CFSP > 2015-16 FY CFSP > FISCAL POLICY AND BUDGET FRAMEWORK > 2015/16 Budget Framework > Compliance with Fiscal Responsibility Principles |
Fiscal responsibility is important since the constitution requires the county government to progressively provide for a minimum basic standard of economic and social rights to its citizens with available resources as per finance act in order for spending to increase on a sustainable basis to meet the basic needs, there is need to increase revenue yield through efficient collection and widening of revenue sources therefore it is imperative to reform and modernize the revenue collection to ensure stability.
So far, the fiscal performance has been generally satisfactory, despite the challenges with shortfall in revenues, the transition financial demands and increased expenditure pressures, the government will ensure strict adherence to PFM act to comply with fiscal principles.