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 info@laikipiacounty.go.ke or P.O. Box 1271-10400-Nanyuki.
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