Kakamega County Budget Review and Outlook Paper 2014/2015

Abstract

This County Budget Review and Outlook Paper (CBROP), prepared in accordance with the Public Financial Management Act, 2012 is the second to be prepared under the County government Administration. It presents the recent economic developments and actual fiscal performance of the FY2014/2015 and makes comparisons to the budget appropriations for the same year. It further provides updated economic and financial forecasts with sufficient information to show changes from the projections approved in June 2015 In this Paper, we will also provide an overview of how the actual performance of the FY2014/2015 affected our compliance with the fiscal responsibility principles and the financial targets as contained 2015/2016 annual budget.