Nakuru City County Budget Review and Outlook Paper 2021

Abstract

The 2021 County Budget Review and Outlook Paper (CBROP) has been prepared against a background of ongoing national and worldwide recovery effort following significant economic decline in 2020 occasioned by adverse effects of the COVID-19 pandemic and resultant containment measures to control the spread. The anticipated economic recovery, though amidst uncertainties relating to new COVID-19 mutations, is further enhanced by the rollout and increased coverage of vaccination programme, overarching fiscal support, and implementation of different policy response measures in the Country. Pursuant to the Public Finance Management (PFM) Act 2012, and the PFM Regulations 2015, the CBROP presents recent economic developments and actual fiscal performance of the Financial Year 2020/2021 and makes comparison to budget appropriations for the same year. The CBROP further examines the current economic developments affecting the County and Country and the financial and non-financial forecast to show changes from projections espoused in County Fiscal Strategy Paper of 2021.