Homa Bay County Budget Review and Outlook Paper 2015

Abstract

The objective of this CBROP is to provide a review of the previous’ year’s fiscal performance and how this impacts the financial objectives and fiscal responsibility principles set out in accordance to section 26 of the PFM act, 2012. This, together with the updated national macroeconomic outlook, will provide a basis for review of the current budget under the supplementary arrangement as well as provide the broad fiscal parameters which will influence the next budget and the medium term expenditure framework (MTEF). The PFM Administration and Management Regulations 2013 requires that the budget review and outlook paper, must at least include a review of recent economic development in the county and a discussion of the medium-term outlook as well as a discussion of the following year’s prospects of the major expenditure and revenue categories and the medium term forecast.