Bomet County Budget Review and Outlook Paper 2017

Abstract

The objective of CBROP is to provide a review of the previous year’s fiscal performance and how it impacts the financial objectives and fiscal responsibility principles set out in the last Fiscal Strategy Paper (FSP). This together with updated macroeconomic outlook provides a basis for revision of the current budget in the context of supplementary budget and the broad fiscal parameters underpinning the next budget and the medium term. Details of the fiscal framework and the medium term policy priorities will be firmed up in the next FSP. The CBROP will be a key document in linking policy, planning and budgeting. The Sector Working Groups have begun reviewing programmes for the last Medium Term Expenditure Framework (MTEF) focusing on updating and developing new programmes for the next MTEF 2017/18 - 2018/19. Following the fiscal outcome of 2016/17 and the updated macroeconomic framework these sector ceilings will be modified accordingly in the County Fiscal Strategy Paper. Therefore, this CBROP will inform the sector ceilings that will be set in the next FSP. The rest of the paper is organised as follows: the next section provides a review of the fiscal performance in FY 2016/17 and its implications on the financial objectives set out in the last FSP, section III provides brief highlights of the recent economic developments and updated macroeconomic outlook, section IV details the resource allocation framework and section V concludes the paper.