Nyandarua County Budget Review and Outlook Paper 2023

Abstract

The County Budget Review and Outlook Paper (CBROP 2023) has been prepared against the backdrop of volatility in the global and national economy marked by rising inflation mainly caused by the rising cost of food and crude oil prices, a depreciating shilling among other factors. This budgeting tool has therefore been prepared as a strategy to ensure that all the County entities are working towards achieving the objective of cushioning the Citizenry from the economic downturns. Under the Financial year in review, 2022/23, the County received Kes. 7,245,534,087 against an expected revenue estimate of Kes. 7,582,066,351. Further, the County collected the highest Own Source Revenue amounting to Kes. 505,913,306. The County overall absorption rate was at 71.15% for development expenditure and 94.9% for recurrent expenditure. Moving forward, we will endeavour to further focus on service delivery in all sectors by employing proper fiscal strategies. This will ensure that resources are well utilized as per the fiscal principles stipulated in the PFM Act and to foster efficiency, effectiveness, transparency and accountability in use of public resources. Finally, I reiterate the zeal of the government through the able leadership of H.E. Dr. Moses Kiarie Badilisha and its commitment to improving the livelihoods of the county’s Citizenry through ensuring resources are directed to priority programmes and projects. The County is thus on the path to change for socio-economic development as envisaged in H.E. the governor’s manifesto.