https://repository.kippra.or.ke/handle/123456789/1048 2022-10-31T07:28:15Z https://repository.kippra.or.ke/handle/123456789/3289 Kericho County Budget Review and Outlook Paper 2018 This County Budget Review and Outlook Paper (CBROP), prepared by the County Treasury, outlines the progress made by the Kericho County Government. The CBROP highlights fiscal implementation and challenges there of as well as provide a benchmark for fiscal forecasting for the next medium term planning. The CBROP takes a critical look at the underlying economic issues and proposes various options that should guide the process of budget formulation for the 2019/2020 Financial Year 2018-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3258 Kericho County Budget Review and Outlook Paper 2017 This Fifth edition of the County Budget Review and Outlook Paper (CBROP), prepared by the County Treasury, outlines the progress made by the Kericho County government. The CBROP highlights key challenges facing the county as it plans and implements the development priorities. The CBROP takes a critical look at the underlying economic issues and proposes various options that should guide the process of budget formulation for the 2018/2019 Financial Year. 3. CBROP ensures effective linkage between policies, planning and budgeting. It sets out the broad objectives, policy goals and strategic priorities that will guide the County government in preparing the budget both for FY 2018/2019 and over the medium term. The CBROP also accounts for changes and reasons for economic deviations compared to the County Fiscal Strategy Paper (CFSP) 2017. 2017-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3257 Kericho County Budget Review and Outlook Paper 2019 This County Budget Review and Outlook Paper (CBROP) is prepared by the County Government of Kericho under the Constitution 2010 and the Public Finance Management Act, 2012. In line with the law, the CBROP contains a review of the fiscal performance of the financial year 2018/19.The County Budget Review Outlook Paper (CBROP) 2019 is anchored on the county’s key strategic, operational priorities spelled out in the County Integrated Development Plan (CIDP II) 2018-2022. In this paper, provisional indicative sector ceilings for the FY 2020/2021 budget have been set informed by the forecasted revenues. These allocations set in motion the budget preparation for the Fiscal Year 2020/2021 in line with the PFM Act, 2012. 2019-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3256 Kericho County Budget Review and Outlook Paper 2020 The paper reviews fiscal performance of the county for the 2019/202020 Financial Year while comparing it with the budget appropriation. In addition, it provides information on changes in forecasts as indicated in the County Fiscal Strategy Paper (CFSP) 2020; and how actual financial performance for the Financial Year 2019/2020 may have affected compliance with the fiscal responsibility principles, or the county financial objectives for that year. It further gives reasons for any deviation from the county financial objectives in the fiscal strategy paper together with proposals to address the deviations. The updated economic and financial outlook presented in this paper will set out the broad fiscal parameters for preparation of the next budget. In particular, the provisional ceilings presented are intended to act as a guide to sector working groups in preparing their budgets. 2020-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/3255 Kericho County Budget Review and Outlook Paper 2021 The County Budget Review and Outlook Paper (CBROP) 2020 has been prepared in line with Section 118 of the Public Finance Management (PFM) Act 2012. It presents the recent economic developments and actual fiscal performance of the FY 2020/2021 and makes comparisons to the budget appropriations for the same year. It further provides updated forecasts with sufficient information to show changes from the projections outlined in the latest County Fiscal Strategy Paper (CFSP), released in February 2021. In this Paper, we will also provide an overview of how the actual performance of the FY 2020/2021 affected the County’s compliance with the fiscal responsibility principles and the financial objectives. 2021-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/1062 Kericho County Budget Review and Outlook Paper 2016 This Fourth edition of the County Budget Review and Outlook Paper (CBROP), prepared by the County Treasury, outlines the progress made by the Kericho County government. The CBROP highlights key challenges facing the county as it plans and implements the development priorities. The CBROP takes a critical look at the underlying economic issues and proposes various options that should guide the process of budget formulation for the 2017/18 Financial Year. Prudent financial management in the county will be determined by achieving a balance between developing institutions and investing in productive sectors. Importantly, the pace at which the county shall adhere to fiscal discipline amid the high recurrent expenditure experienced in the 2015/16 financial year in setting up county systems remains a crucial factor in determining the pace of future growth of the country. In addition, the huge recurrent related expenses especially on wage bill will continue to be a major challenge as the implementation of devolved system of governance. 2016-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/1061 Kericho County Budget Review and Outlook Paper 2015 The County Budget Review Outlook Paper (CBROP) is prepared in line with section 118 of the Public Finance Management Act, 2012. It reviews the actual fiscal performance of the financial year 2014/15 and makes comparisons to the budget appropriations of the same year. It also provides the recent economic developments and the updated economic and financial forecast with sufficient information to show changes from the forecast in the County Fiscal Strategy Paper (CFSP), February, 2015. In reviewing the fiscal performance, this paper analyzes the performance of county own revenue in the FY 2014/15. It has included the total revenue collected and made comparison to projected revenue for the same year. Included in the analysis is also performance of ministerial expenditures for the period under review. 2015-01-01T00:00:00Z https://repository.kippra.or.ke/handle/123456789/1060 Kericho County Budget Review and Outlook Paper 2014 The County Budget Review and Outlook Paper (C-BROP) presents the fiscal outcome for FY 2013/2014 and how this affects the financial obligations set out in the County Fiscal Strategy Paper 2014 introduced to the County Assembly on 28th February 2014. It also provides a basis upon revision of FY 2014/15 budget in the context of the Supplementary Estimates, as well as set out the broad fiscal parameters for the budget preparation over the medium term period. The County Treasury will maintain the trend of stable macroeconomic performance and ensure transparency by relaying performance indicators to the public through this policy document as required by the Constitution and the Public Finance Management Act, 2012 as well other existing regulations The fiscal framework presented in this 2014 C-BROP provide strong basis for ensuring that the fiscal principles set out in PFMA, 2012 are achieved. 2014-01-01T00:00:00Z