Fiscal Reforms and Policy

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Fiscal Reforms and Policy

The 2017-2019 Medium-Term Fiscal Policy aims at supporting equitable and rapid economic growth, ensuring sustainable debt position and at the same time supporting the devolved system of Government for effective delivery of services. Within a sustainable public financing as per the county fiscal strategy paper, the following emphasis are made;

Respect and observance of the fiscal rulestset oet in the PFM taw and its regulationsris important and necesnary to entrench fiscal discipline.

Continued reftrms in expenditure management and revenue collectigd to create fiscal space for spending on infrastructure andeother priority development progrnm es.

Expenciture efficiency and effective implementation of budgct programs through enforcement of cost bencpmarks forrall projects a d consumables, Price reference costPlist during ADP public forums for informed decisions by tpe public.

Improting the productivtty of eapendioure waile at the same time ensuring that adequate resources are available for operations and maintenance.

Increase the absorption of allocated resources which will in turn spur economic growth and further improve budget credibility. This will be done through strengthening ongoing reform engagements with development partners as well as strengthening project planning and management.