The Finance and Economic Planning Sector is charged with the responsibility of ensuring prudent financial management of financial resources, formulating fiscal economic and fiscal policies to facilitate socio –economic development, resource mobilization and control of public financial resources. The sub sectors in the sector are namely: Revenue; Economic Planning; Budget; Accounting and Internal Audit.
Nandi County has adopted and currently using Medium Term Expenditure Framework in its budgeting. Budgeting based on MTEF has improved the efficiency of utilization of resources with regard to programs within the Finance and Economic Planning sector. Budget & Expenditure department has reformed the structure of the budget including the classification.
The IFMIS system has been fully implemented and e-payment system is fully operational in the county. County Integrated Development Plan (CIDP) is being developed and mainstreaming of Sustainable Development Goals (SDGs) in CIDP has been factored in.
Revenue services have been devolved to all sub counties as we aim to increase our collection to meet our annual set targets.
In the first quarter of the 2017- 18 F/Y county government of Nandi was named as one of the counties that hit their targets in revenue collection, a move that earned us an additional of fund the commission of revenue allocation.
Sector Working Groups (SWGs) were constituted and are operational, Finance and economic planning sector has been monitoring budget implementation in the county.
The sector continues to play a critical role in management and control of public finances and in creation of enabling economic environment for rapid economic growth and development of the county.
We have inaugurated the first County Budget and Economic Forum (CBEF) which brings together stake holders from across our Social, Political and Economic divides as required by law under section 137 of the Public Finance Management Act 2012