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<< Click to Display Table of Contents >> Navigation: Finance and Economic Planning > CBROP > 2015-16 FY CBROP > RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK > Medium Term Fiscal Framework |
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 .a revenue, the County Government hopes to improve revenue collections estiiated to be 149,980 in the first and second half of 2015/201t fiscal year. Measures to achieve this efftrt include improved tax compliance with enhanced a minintrative measurel, recruitment of additional revenue stafr and sealino of loopholes in revenue collection. The county will also widen the tax base and review allilevies and charges in the proposed 2015 vinance bill in order to simslify and modernizo th,m.
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 rationalization of expenditure and expediting of requisite procurement processes to improve efficiency and reduce wastage. Expenditure management will be strengthened with adoption of the Integrated Financial Management Information System (IFMIS) across the county level. County human resources rationalization will receive greater attention to an extend that the IPPD payroll for the County Assembly has been detached from the Executive thus creating an autonomy of the County Assembly. Going forward, implementation pace in the spending units will be monitored. These will inform appropriate measures to be taken in the context of the next budget process.