Siaya County Budget Review and Outlook Paper 2014

Abstract

The objective of the CBROP is to provide a review of the previous fiscal performance and how this impacts the financial objectives and fiscal responsibility principles as set out in the PFM Act, 2012.This together with updated macroeconomic outlook provides a basis for revision of the current budget in the context of Supplementary Estimates and the broad fiscal parameters underpinning the next budget and general expenditure within the medium term. Details of the fiscal framework and the medium term policy priorities will be presented in the County Fiscal Strategy paper 2015. The CBROP is one of the key documents in linking policy, planning and programming in the current financial year and in the medium term. Other documents include the County Fiscal Strategy Paper and the County Debt Management Strategy. This year’s CBROP is based on the performance of the budget implemented by the County Government of Siaya in the Financial Year 2013/14.