Siaya County Budget Review and Outlook Paper 2014/2015

Abstract

The County Budget Review and Outlook Paper (CBROP) presents the fiscal outcome for FY 2014/15 and how this affects the financial objectives set out in the 2015/16 budget. The updated macroeconomic outlook therein also provides us with a basis to 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 2014/15 FY had its fair share of challenges arising from the county operating on a 50% budget for the larger part of the year. Despite these challenges, the overall performance of the county was satisfactory. The lessons learnt will inform managerial decisions aimed at improving the county’s performance in the medium term. In order to build on the successes of the 2014/15 FY, the county will continue to invest on priority areas as envisaged in the 2015/16 Fiscal Strategy Paper despite expenditure pressures from other competing sectors.