Nyamira County Budget Review and Outlook Paper 2018

Abstract

The County Budget Review and Outlook Paper (CBROP) is prepared in accordance with Section 118 of the Public Finance Management Act, 2012.It presents the fiscal outcome for FY 2017/18 and how this relates with the financial objectives that were set out in the 2017/18 Programme Based budget. The updated macroeconomic outlook herein provides a basis to revise the 2018/19 budget in the context of the supplementary estimates, as well as setting out the broad fiscal parameters for the next medium term framework budget. The FY 2017/2018 had its fair share of challenges that included delay in salaries of county employees for three months caused by the introduction of a second supplementary budget and delays in exchequer releases. Despite these challenges, the overall performance of the county was above average. The lessons learnt would inform county management decisions aimed at improving the county’s performance in the medium term for effective and efficient absorption of departmental allocations. In order to build on the successes of the 2017/18 FY, the county will continue to invest on priority areas as envisaged in the 2018 Fiscal Strategy Paper despite pressures brought about by the National Government resolve to reduce county revenue allocation by 9 billion for the financial year 2018/2019 and the introduction of the VAT levy on fuel which has caused inflation rates to rise.