Nakuru City County Budget Review and Outlook Paper 2016

Abstract

This County Budget Review and Outlook Paper (CBROP) 2016 prepared in accordance with section 118 of the Public Financial Management Act, 2012. The PFM law envisages production of a CBROP by the end of September each year. This review document covered the fiscal year ending June 2016 has focused on the progress made compared to similar review period in FY 2014/2016. During the period under review the County Government continued with deepening of the programme based approach adopted in the previous. The outcome of the budget review revealed a stable macroeconomic environment at the National level and the County level. The total County receipts amounted to Ksh 11.787 billion against a revised target of Ksh 13.684 Billion. The County Government received full transfers from the targeted National transfers. The total exchequer receipts amounted to Ksh 8.8 billion against a similar target. This represented a Local revenues improved by approximately 10 percent from Ksh 2.1 billion in FY 2014/2015 to Ksh 2.3 billion in FY 2015/2016. This outcome was a 79 percent performance in comparison with a target of Ksh 2.9 billion.