Nakuru County Budget Review and Outlook Paper 2017

Abstract

The Nakuru County Budget Review and Outlook Paper (CBROP 2017) is the fourth to be prepared under the devolved governance structure. CBROP 2017 was prepared pursuant to Section 118 of the Public Financial Management Act, 2012 and in accordance with the County budget calendar for the MTEF 2018/2019-2020/2021. This review document focused on the fiscal year ending June 2017 compared with the year on year growth for similar period in previous years. The National outlook revealed a stable macroeconomic variability with a 5.8 percent growth in the GDP supported by increased outputs in most sectors, low inflation, tighter monetary policies, recovery of the tourism sector and stability of prices of crude oil and associated petroleum products. Locally the County fiscal analysis for FY 2016/2017 revealed a subdued performance in both revenues and expenditure compared to similar period in FY 2015/2016. The slowdown is mainly attributed to the build-up activities to the General elections held in August 2017.