Nakuru County Budget Review and Outlook Paper 2015

Abstract

This County Budget Review and Outlook Paper (CBROP) prepared in accordance with Public Financial Management Act, 2012. It is the third to be prepared under the devolved system of Government. It presents recent economic developments and actual fiscal outcome for FY 2014/15 and makes comparisons to the budget appropriations for the same year. The updated macroeconomic outlook also provides useful guide on the basis for revise the 2015/16 budget in the context of the Supplementary Estimates, as well as setting out the broad fiscal parameters for the next budget and medium term. The significance of C-BROP is that it ensures the County Government reviews its previous year’s budget performance, the county and national economic-financial environment and how it’s likely to impact on the level of future revenues and to set preliminary sector ceilings in the light of this review of revenues.