Nyamira County Budget Review and Outlook Paper 2019/2020

Abstract

The County Budget Review and Outlook Paper (CBROP) 2019 has been prepared in line with the Constitution of Kenya 2010 and Section 107 of the PFM Act, 2012. It presents the fiscal outcome for FY 2018/2019 and the outlook in the medium-term period. The updated macroeconomic outlook provides a basis to revise the 2019/2020 budget in the context of the supplementary estimates, as well as setting out the broad fiscal parameters for the next medium-term framework budget. In terms of resources mobilization, the county realized Kshs.6,684,626,916 against a target of Kshs.6,959,073,379 in 2018/2019. This included locally generated revenue amounting to Khs.165 million an increase from Kshs.97 million raised in 2017/2018. Despite the good performance in local revenue generation, it still fell short of the Kshs. 255 million targets for the year. A number of measures have been put in place in order to address challenges of local revenue including automation of revenue collection as well as review of the Finance Act. On expenditure, the County absorbed Ksh.5,624,185,110 against a target of Kshs. 6,959,073,379. The expenditure comprised of Ksh.1,142,700,781 and Ksh.4,481,484,329 as development and recurrent expenditures respectively and represented an absorption rate of 20% for development while recurrent absorption rate was 80%. This is a challenge that will be addressed by ensuring timely procurement and strengthening monitoring of progress of development projects