Taita Taveta County Budget Review and Outlook Paper 2023

Abstract

The 2023 County Budget Review and Outlook Paper (CBROP) has been prepared in line with section 118 of the Public Finance Management (PFM) Act, 2012, which requires the county government to prepare a Budget Review and Outlook Paper with respect to each financial year; and submit it to the County Executive Committee by 30th September. The paper reviews the fiscal performance of the county for the FY 2022/23 while comparing it with the budget appropriation. In addition, it provides information on changes in forecasts as indicated in the 2023 County Fiscal Strategy Paper (CFSP) ; and how actual financial performance for the previous financial year may have affected compliance with the fiscal responsibility principles, or the county financial objectives for that year. It further gives reasons for any deviation from the county financial objectives in the fiscal strategy paper together with proposals to address the deviations. The updated economic and financial outlook presented in this paper will set out the broad fiscal parameters for preparation of the next budget. In particular, the provisional ceilings presented are intended to guide departments in preparing their budgets. It is therefore my expectation that this policy paper will be useful in enhancing financial discipline and fiscal responsibilities outlined in section 107 of the PFM Act 2012 and significantly contribute towards the realization of aspiration of the residents of Taita Taveta County