Garissa County Budget Review and Outlook Paper 2015

Abstract

The County Budget Review and Outlook Paper (CBROP) is prepared in line with section 118 of the Public Finance Management Act, 2012. It reviews the actual fiscal performance of the Financial Year 2014/2015. It also provides the recent economic developments and the updated economic and financial forecast. It ensures the review of previous year’s budget performance, the county and national economic financial environment and its likely impact on the level of future revenues; and to set preliminary sector ceilings in the light of this review of revenue. 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. The County Budget Review and Outlook Paper (CBROP) provides basis to revise the 2015/16 budget in the context of the Supplementary Estimates, as well as set out the broad fiscal parameters for the next budget and the medium term.