Bungoma County Budget Review and Outlook Paper 2020

Abstract

The 2020 County Budget Review and Outlook Paper has been prepared in accordance with the Public Finance Management (PFM) Act, 2012 and its Regulations. The document provides actual fiscal performance for the FY 2019/20, macro-economic projections and the sector ceilings for the FY 2021/22 and the medium-term budget. The document also provides an overview of how the actual performance of the FY 2019/20 affected our compliance with the fiscal responsibility principles and the financial objectives spelt out in the PFM Act as well as information showing changes from the projections outlined in the 2020 County Fiscal Strategy Paper. Preliminary outcome for the FY 2019/20 indicate that the cumulative revenue collection including AIA was Kshs 777,557,862. This revenue was Kshs. 141,539,522 (15.4 %) below the target of Kshs 919,097,384. The total expenditure amounted to Kshs 10,895,889,390 against a target of Kshs 13,836,129,306. The variance of 21% (Kshs. 2,940,239,916) was attributed to lower absorption recorded in both recurrent expenditure (Kshs. 8,204,202,359.85) and development expenditures (Kshs. 2,691,687,030.3) by the County Government.