Embu County Budget Review and Outlook Paper 2023

Abstract

The 2023 CBROP provides a review of the fiscal performance for the financial year 2022/23 including adherence to the objectives and principles outlined in the PFM Act, 2012. It also provides a basis for the revision of the current budget and the financial policies underpinning the medium-term plan. The CBROP will form the basis of the development of the 2024/25 budget that will detail programmes and projects for implementation over the medium term as outlined in the CIDP(2023-2027). As required by the PFM Act, 2012, the annual budget process aims to improve the efficiency and effectiveness of revenue mobilization and government spending to ensure debt sustainability and stimulate economic activity. In this regard, this BROP provides sector ceilings which will guide the budget preparation process for the FY 2024/25 and the medium term. The rest of the document is organized as follows: Section II provides a review of the fiscal performance for the FY 2022/23 and its implications on the financial objectives set out in the 2023 CFSP; Section III highlights the recent economic developments and outlook; Section IV presents the proposed resource allocation framework; and Sections V presents conclusion