Kisii County Budget Review and Outlook Paper 2018/2019

Abstract

The County Budget Review Outlook Paper (CBROP) is prepared in line with section 118 of the Public Finance Management Act, 2012. It captures updated economic forecasts with sufficient information that will inform the budget proposals for following financial year. It further reviews the previous year’s budget and provides an outlook for the following year’s budget. In reviewing the County’s fiscal performance for the Financial Year 2018/2019, this paper analyses the performance of the County own revenue in the period. It is included the total revenue realized in relation to the projected revenue for the same year. Causes for underperformance in revenue collection are also highlighted. The analysis also includes performance of County departments’ expenditures for the period under review. This paper provides an overview of how the actual performance of the FY 2018/19 affected the financial objectives as outlined in the CFSP of 2018. Through the analysis of the of FY 2018/19 budget performance, it laid the basis for adjusting the FY 2019/20 budget. It is therefore, my expectation that the policy paper will be useful in enhancing financial discipline and fiscal responsibilities outlined in section 107 of the PFM Act 2012 that will contribute towards the realization of aspiration of the of the county residents.