Garissa County Budget Review and Outlook Paper 2014

Abstract

This is the second County Budget Review and Outlook Paper (CBROP) prepared under the new devolved governance structures. The Public Financial Management (PFM) Act, 2012 ushered in a paradigm shift in budget making process. It introduced reforms in the public finance management system and entrenched the Medium Term Expenditure Framework (MTEF) budgeting. The CBROP is an important document in the budget making process. It provides a review of the fiscal performance for the Financial Year 2013/14 and how it impacts on the Financial Objectives and Fiscal Responsibility Principles as set out in the PFM Act, 2012. It highlights recent economic development and outlook; economic outlook and policies; and resource allocation framework. The CBROP is a key document in linking up of policy, planning and budgeting. It is embedded on the Kenya’s Vision 2030 through the Second Medium Term Plan (MTP) and the Garissa County Integrated Development Plan (CIDP). As such, the CBROP will continue to play a critical role in the preparation of budgets and management of public resources in a devolved system. To strengthen the budget preparation process, the County government will continue to embrace performance budgeting and deepen public financial reforms to increase efficiency and effectiveness in service delivery and value for money.