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Friday, 13 February 2015

Ng’arua Maarifa to host Olmoran public hearing on preparation of MTEF budget

By Bob Aston
The Ng’arua Maarifa Centre in Olmoran ward, Laikipia County, is set to host a public hearing on preparation of the Medium Term Expenditure Framework (MTEF) budget 2015/16-2017/18. The public hearing which has been organized by the County government of Laikipia through the County treasury is set to take place on February 18, 2015 from 10:00 am.
The public participation is expected to provide residents of Olmoran ward with an opportunity to contribute towards the preparation of the MTEF.
The MTEF consists of a top-down resource envelope, a bottom-up estimation of the current and medium-term costs of existing policy and ultimately, the matching of these costs with available resources.
MTEF is expected to help in improving the management of public finances by providing a link between the allocation of budget expenditures according to policy priorities and the fiscal discipline required by budget realities. It will help to build fiscal policy credibility and predictability via a more strategic, multi year, budget planning perspective.
The County Treasury seeks to take views and inputs from members of public, professional groups and interested persons or groups as a public participation requirement in line with Section 117 of the Public Finance Management Act, 2012, which provides for an effective management of public finances by the national and county governments. This will facilitate finalization of County Fiscal Strategy Paper, 2015.
Contributions or proposals can also be submitted in writing to the County Executive Member-Finance and Economic planning through or P.O. Box 1271-10400-Nanyuki.

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