Nairobi, 18th February, 2021
The Nairobi City County Government (NCCG) through its Sub County administrators, Ward administrators and Economic and planning and Devolution sectors this week held County Fiscal Strategy Paper (CFSP) Public Participation forums across the seventeen Sub-counties.
Deputy Governor and acting Governor, Kananu Mwenda said “The CFSP Paper articulates economic policies and structural reforms as well as sector based expenditure programmes that my government intends to implement in order to achieve the broad goal of its development agenda of employment creation and poverty reduction. In particular, it emphasizes continued shift of resources in favor of programmes that enhance growth and job creation, and to support stronger private sector investment in pursuit of new opportunities in a changing economic environment.”
The Public participation events will take place in Westlands, Dagoretti North Dagoretti South, Lang’ata, Kibra, Roysambu, Kasarani, Ruaraka, Embakasi South; Embakasi North, Embakasi East, Embakasi Central and Embakasi West, Makadara, Kamukunji, Starehe and Mathare sub counties.
This is in preparation of the County Fiscal Strategy Paper(CFSP) 2021/2022. The event which was spearheaded by Nairobi County’s Finance and Economic planning sector is a pre-requisite in the budget formulation process as entrenched in section 125 (2) of the Public Finance Management Act and Article 220 (2) of the constitution.
The County Fiscal Strategy Paper (CFSP) is a guide to the County budget process with binding policy directions on budget formulation and implementation in the medium term.
Echoing the call by H.E the President Uhuru Kenyatta and H.E the Deputy Governor and Acting Governor Ann Kananu, the County Executive Committee Member for Finance Allan Igambi commended the collaborative synergy between the County Government , Nairobi Metropolitan Services and the Kenya Revenue Authority. Said Mr Igambi “The County Fiscal Strategy Paper (CFSP) underpins Nairobi Countys’ fiscal and budget framework by laying out strategic priorities and fiscal policy – that is what the county plans to do regarding revenue, expenditure and debt management over the medium-term. Importantly, this document sets the sector and program resource ceilings that guide the budget estimates.”
The positive gains made so far are as a result of existing seamless information sharing and support among the collaborating parties.
Acting County Secretary, Dr. Jairus Musumba, Said” Pursuant to section 117 (1) and (6) of the Public Finance Management Act the County Treasury is mandated to prepare and submit the CFSP to the County Assembly by the 28th February every year and subsequently publish and publicize the same immediately after submitting to the County Assembly.”
Ends/..
Click on Picture to view video