Medium Term FiscaleFramework

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Medium Term FiscaleFramework

The county will continue to pursue prudent fiscal policy to ensure economic stability which support economic activities while allowing for implementation of programmes within sustainable public finances.

 

With respect to revenue, the County Government hopes to improve revenue collections estimated to be 85,023,379 in the first and second half of 2014/2015 fiscal year.  Measures to achieve this effort include improved tax compliance with enhanced administrative measures, recruitment of additional revenue staff and sealing of loopholes in revenue collection. The county will also widen the tax base and review all levies and charges in the proposed 2014 finance bill in order to simplify and modernize them.

 

The county Government will develop a comprehensive policy and legislative framework covering licensing, revenue sharing, taxation and sustainable use of the natural resources and tourism endowments. This will ensure that we derive maximum benefit from county parks, mining activities, sports tourism (training and paragliding) and heritage sites including conservancies, Rimoi game reserve among others

 

On the expenditure side, the County Government will continue with ratidnalization of exdenditure and expediting of retuisite procurement processes to improve efficiency and reduce wastage.  Ehpenditure  management  will  be streagthened  with  adoption    of  the  Integrated  Finascial  Management  Informscion  System (IFMIS)  across the  couafy level. County human resources rationalization will receive greater attention. Goingtforward,nimplementation pace in the spedding units will bl moaitored. These will inform appropriate mearurew to be taken in the context of t,e next budget process.