Nyamira County Budget Review and Outlook Paper 2020

Abstract

The County Budget Review and Outlook Paper (CBROP) 20120 has been prepared in line with the Constitution of Kenya 2010 and Section 118 of the PFM Act, 2012. It presents the fiscal performance for 019/2020 Financial Year and the outlook in the medium-term period. The updated macroeconomic outlook provides a basis to revise the 2020/2021 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.6,288,600,832, against a target of Kshs.7,001,976,763 in 2019/2020. This included locally generated revenue amounting to Khs.187, 324,098 an increase from Kshs.165,447,570 raised in 2018/2019. Despite the good performance in local revenue generation, it still fell short of the Kshs. 62,675,902 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.6,032,819,187 against a target of Kshs. 7,001,976,763. The actual expenditure comprised of Ksh.1, 1,233,828,011 and Ksh.4,798,991,176 as development and recurrent expenditures respectively and represented an absorption rate of 63% for development while recurrent absorption rate was 95%. This is a challenge that will be addressed by ensuring timely procurement and strengthening monitoring of progress of development projects.