Finance
Diaspora public participation engagement
Hundreds of Makueni residents residing in Nairobi and its environs turn up for the 2023-2024 Diaspora Budget Public Participation forum at Abardeer Hall, KICC building, Nairobi.
Governor Mutula Kilonzo Jr, the Makueni’s team leader is joined by other leaders: Senator Dan Maanzo, Speaker Doughlas Mbilu, Kyalo Mumo (Assembly Majority leader), Sylvia Mueni Kasanga (former nominated senator), several MCAs, national government officials, top managers of various NGOs, among others.
Governor Mutula Kilonzo Jr attended ward-level County Budget Public Participation for the FY 2023/24 at Kalawani social hall, Tulimani ward, Mbooni.
The Makueni County Budget Public participation for the FY 2023/24 kicked off on Thursday 30/3/2023, Launched by the County Executive Committee Member for Finance and Socio-Economic Planning Mrs. Damaris Kavoi.
Accompanied by the Sub-County Administrator Mark Muthoka and other county staff, the ECM launched the engagement process at Wote Social Hall where the Wote Sub-Ward citizens were holding their public participation. This process will identify the county development priorities for the FY 2023/24.
This year’s budget is being considered as a foundational yet transformative budget for the government since it prioritizes transformative and impactful projects, it will be evidence based, the public participation is for the entire county government budget and not only the allocation for the wards, and the projects and programmes prioritized cuts across several wards and departments.
Public participation has taken place in all the 60 sub-wards and will also take place at the ward level on 5th April, 2023.
Makueni goes Cashless in Revenue Collection with Damaris Kavoi-ECM Finance
FY 2023/2024 Budget Public Participation
2023 Makueni County Debt Management Strategy Paper
The 2023 Medium Term Debt Strategy Paper is prepared in accordance with Section 123 of the Public Finance Management Act, 2012. It is the first to implement the third generation CIDP 2023-2027 and is prepared annually on a three year rolling basis covering a period of three years 2023/24 – 2025/26.
The debt strategy paper guides on debt management practices of the county government which includes the issuance process, management of the debt portfolio, and adherence to various laws and regulations governing debt contracting and management. It guides the county on the amount, type of borrowing to undertake over the medium term and evaluates the costs and risks of various scenarios and recommends an optimal strategy for implementation. The strategy ensures fiscal prudence in management of county resources to ensure debt is sustainable and is met at the lowest possible cost and with a prudent degree of risk while ensuring that the overall level of public debt is sustainable.
In the medium term, the county will enhance the resource mobilization strategies both internally and externally to fund the development programmes and priorities envisaged in CIDP III. To fund the government priorities in the medium term, the county will seek strategic partnerships to meet the fiscal gap in the implementation of the CIDP and strategic intervention. Key strategy is mobilizing additional resources above the national government transfers and the county own revenue mobilization. Additionally, the government will continuously manage its cash flow through short term lending from commercial banks to offset delays in equitable share disbursements and own source revenue mobilization.
The Medium-Term Debt Management Strategy is consistent with the broad strategic priorities and policy goals set out in the County Fiscal Strategy Paper (CFSP), 2023. The strategies are set on the background of recovery from post COVID-19 pandemic and in the advent of new county administration.
Makueni County FY 2022-23 Q2 Budget Implementation Report
The Budget implementation report highlights progress made in implementation of the Makueni County Government for half year of the Financial Year 2022/23, ending 31st December 2022.It also presents the key challenges that faced budget implementation during the reporting period and appropriate recommendations to overcome these challenges.
The County Government Revised Budget (1) for FY 2022/23 is Kshs 11,529,598,474.31 with Kshs 7,678,723,994.74 (67%) directed towards recurrent budget and 3,850,874,479.57 (33%) directed towards development budget.
The overall revenue performance for half year of FY 2022/23 ending 31st December 2022 was 23.04 percent. (Kshs 2,358,803,704.82).The equitable share and Conditional allocations loans and grants amounted to Kshs 2,044,940,889.80 representing 87 percent of the total actual receipts for the half year of the financial year. Own Source Revenue performed at 25 percent, for the first six months of the financial year.
The County recorded an overall cumulative absorption rate of 25 percent (Kshs 2,938,257,833.87) for the period ending 31st December 2022. Personnel emoluments recorded the highest abosption at 45 per cent (Kshs 1,996,294,414.35) whereas operations and maintenance recorded a 20 percent absorption rate (Kshs 661,981,907.52). Development expenditure amounted to (Kshs 279,981,512.00) representing 7 percent absorption rate
The County Government made exchequer requisition amounting to Kshs. 2,788,626,649.00 during the period. Kshs. 399,938,590 was for County Assembly while Ksh.s 2,388,688,059 was for County Executive.
The County Government development projects for implementation in FY 2022/23 are 1,218 in number. As at 31st December 2022, 3 percent of the projects were competed and in use, 21 percent completed to scope, 10 percent ongoing, 65 percent not started and 1 percent stalled.
2023 Makueni County Fiscal Strategy Paper
The 2023 Makueni County Fiscal Strategy Paper is the first to implement the CIDP 111 2023-2027 which is being finalised. The 2023 CFSP is prepared pursuant to Public Finance Management Act, 2012 (PFMA) Section 117 and outlines the development framework for the FY 2023/24-FY 2025/26 Medium Term Expenditure Framework (MTEF) Period. The CFSP outlines the strategic priorities, programmes and development agenda for FY 2023/24.
The FY 2023/24 Medium-Term Expenditure Framework will be guided by the development philosophy of Wauni wa Kwika Nesa na Ulungalu” – the desire to do good with integrity. With a rallying call for “Our people, our Priority”. The development theme for the Financial Year will be ‘enhancing efficiency for economic growth and community resilience’ and will be guided by the following principles; infrastructure development for rural and urban areas to improve access to roads, water and sanitation; strengthening cooperatives as vehicle for rural transformation; improving access to universal health coverage; building strategic partnerships for enhanced resource mobilization; automation of government services; youth empowerment and innovation; strengthening public finance management and public sector transformation for performance oriented results and decentralized government services.
The FY 2023/24 revenues are projected to increase to Kshs 10,191,980,170.00 from Kshs 9,832,783,562.00 in FY 2022/23 representing a growth of 4 per cent. The budget will be funded from three main sources namely equitable share – 81.8 percent, Conditional Allocations, loans and Grants – 8.3 percent and Own Source Revenue at 9.8 percent. The government is committed to enhance its resource mobilization strategies by building strategic partnerships for development to ensure delivery of the envisaged development outcomes in the medium term.
The recurrent expenditure for the FY 2023/24 is projected to be Kshs 6,866,046,086.87 an increase of 3 per cent from Kshs 6,660,769,154.00 in the printed estimates for FY 2022/23. The Development Expenditure is estimated to be Kshs 3,325,934,083.13 representing 32% of the total County Budget.
To deliver the envisaged results, all Accounting Officers are encouraged to strengthen their service delivery mechanisms to ensure the services are responsive to the needs of the citizenry. Each department will also be expected to put in place mechanisms to ensure full decentralization to the sub counties and wards. Additionally Departments and entities should embrace automation for efficiency in service delivery.
DAMARIS MUMO KAVOI
COUNTY EXECUTIVE COMMITTEE MEMBER – FINANCE, PLANNING, BUDGET AND REVENUE