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<< Click to Display Table of Contents >> Navigation: Finance and Economic Planning > CFSP > 2015-16 FY CFSP > INTRODUCTION AND BACKGROUND > Rationale for County Fiscalnttrategy Paper (CFSP) |
The main objectives for preparing the CFSP are to specify;
•Mechanism for aligning it with the national objectives contained in the Budget Policy Statement before the national budget is finalized
•Broad strategic priorities and policy goals that will guide the county government in preparing its budget for the coming financial year
•Financial outlook with respect to county government revenues, expenditures and borrowing for the coming financial year and over the medium term
•Details of the sector and departmental ceilings for the Medium Term Expenditure Framework (MTEF) Period to ensure continuity in resource allocation from the last financial year consistent with the MTEF budgeting approach.
•Create a mechanism for public participation in the budgeting process thus informing priority choices for development.
•The overall deficit and financing, the underlying risks, structural measures and strategic interventions for development initiatives to be undertaken in the coming Financial Year and in the medium term