Narok County Budget Review and outlook Paper 2022

Abstract

The County Budget Review and Outlook Paper (C-BROP) is a statutory policy document in the review and analysis of County budget performance. The document has been prepared in accordance with section 118 of Public Finance Management Act (PFM, 2012). In the Act, County Treasuries are required to prepare and submit C-BROPs to respective County Executive Committees by 30th September every year. As a policy document, C-BROP provides an outlook of performance of budget of the previous financial year showing estimates, actuals, and deviations. It is also a review of budget appropriations and their linkages to financial forecasts and compliance with the fiscal responsibility principles and financial objectives outlined in the PFM Law of 2012. The 2022 C-BROP is structured to show the financial and economic trends not only at the county level but also at the national, regional and global scenes. The trends are applied to inform policy direction, actions and strategies which will be adopted in the 2023 County Fiscal Strategy Paper (CFSP). It’s expected that the ceilings in the C-BROP will be firmed up in the 2023 County Fiscal Strategy Paper. The C-BROP will form a basis for the development of the budget for FY 2023/24 and over the medium-term period. Further, the outcome of the fiscal performance for FY 2021/22 budget will be useful in advising the revision of estimates for FY 2022/23