An Overview of Finance and Economic Planning Department
Finance and Economic Planning is a department established under Section 103 of the Public Finance Management (PFM) Act for the purposes of monitoring, evaluating and overseeing the management of public finances and economic affairs of the county. The Directorates in the department include: Accounting Services, Internal Audit Services, Revenue Services, Planning Services, Budget Services, Monitoring and Evaluation, and Supply Chain Management Services. All these sections play a key role in facilitating operations and the implementation of County Government projects and programmes.
The department overall goal is to formulate and coordinate county development programmes as well as tracking development results towards accelerated socioeconomic development through effective economic planning, resource mobilization, allocation and efficient management of public resources.
Vision
To be excellent in county economic planning and public finance management
Mission
To contribute towards accelerated socio-economic development through
effective economic planning, resource mobilization and allocation and efficient management of public resources.
Department Mandate
Effective Economic Planning, Budgeting, Policy formulation and Socioeconomic management and tracking of results.
Effective finance Management and Making Treasury work.
Institutional strengthening and good governance.
Mobilization, Public Private Partnership and allocation of financial resources
Create excellence in delivery of service
To optimize revenue collection
The Department is headed by Hon. Wilson Cheserek, and is made up of two main Sections headed by Chief Officers Gikono Kiptoo leading Finance and revenue Management and Michael Ng’etich in charge of Economic Planning.
Progressive Economic Planning and Prudent Use of Finances for Sustainable Economic Development
A cornerstone of County Governance that often operates behind the scenes, steering the ship of progress with calculated precision, is the Finance and Economic Planning Department. In the intricate dance of government functions, this department plays a pivotal role, holding the key to the financial stability, development, and prosperity of our County.
At the core of what we do at the Finance and Economic Planning Department is the stewardship of our financial resources. We go out of our way to allocate resources judiciously, ensuring that every shilling spent contributes to the well-being of our citizens and the growth of our economy.
Our department is the architect of our socioeconomic strategy. We develop plans that fit in to our National long term policies like the Sectoral and Medium Term Plans, which transcend political cycles, envisioning a future where economic opportunities abound. Through careful analysis and foresight, we anticipate challenges and position our County to sustain the rolling out of key projects and programmes across all sectors of the economy.
We are charged with the meticulous crafting of County Plans, key among them the County Integrated Development Plan (CIDP), the Annual Development Plans (ADPs) and Budgets as well as enabling County legislations like the County Finance Bills, County Revenue Administration Bill, County Rating Bill (for property rates), County Trade Licensing Bill among others.
Considering this enormous responsibility, the Finance and Economic Planning Department is not just a custodian of financial transactions and resources; it is the architect of our socioeconomic development destiny. Its role extends beyond numbers; it is about shaping a future where prosperity is shared, opportunities abound, and the economic tapestry of our County is woven with threads of progress.
Crafted to guide our development journey for the next five years, the County Integrated Development Plan (CIDP) 2023-2027 is a product of wide stakeholder consultations, and assigns each player a role that they shall play in our collective aspiration to DELIVER AS ONE.
Finance And Economic Planning - Where To Invest
COUNTY GOVERNMENT OF BARINGO in the financial year 2016/2017 acquired and fully operationalized electronic revenue management system which has automated collections and helped in securing consistent growth in own-source revenue.
This revenue growth pattern is also attributable to strengthened internal control systems, and the conducive business environment that the County Government continues to create, including upgrade of markets and sales yards; provision street lighting and construction of road infrastructure in major towns, as well are rural areas to ease access and spur productivity.