Baringo County Budget Review and Outlook Paper 2019

Abstract

The County Budget Review Outlook Paper (CBROP) is prepared in accordance with section 118 of the Public Finance Management Act, 2012. It reviews the actual fiscal performance of the financial year 2018/19 and makes comparisons to the budget allocations in the same year. It presents the Budget performance for FY 2018/19 and how the budget adhered to the fiscal responsibility principles and financial objectives as set out in the PFM Act, 2012. The updated fiscal forecasts therein also provide the basis to revise the FY 2019/20 budget in the context of supplementary estimates set out in the broad fiscal parameters, the” BIG FOUR Agenda” and the medium-term expenditure framework. The approved budget for 2018/19 financial year was Kes. 8.125 billion. This was composed of Kshs 5,086,800,000 equitable share, Ksh. 371,147,448 from local revenue, Kshs1,622,061,611 from cash transfer of ongoing projects from previous 2017/2018 FY and Kshs 1,045,018,399 conditional grants for financing both development and recurrent activities. In the financial year under review, locally collected revenue amounted to Kes 359.809 Million which was off target by Kes 11 Million…