Meru County Budget Review and Outlook Paper 2014

Abstract

The Public Financial Management Law Act, 2012 has ushered in a Paradigm shift in budget making process both at the national level and the county level. Section 117 and 118 of the act provided for the preparation of the county fiscal strategy paper and the County Budget Review and Outlook Paper (CBROP) respectively, by the county department of finance/ treasury. Apart from introducing reforms in our public financial management system, the new law entrenches the Medium Term Expenditure Framework budgeting. The law requires the CBROP to present the fiscal outcome for the previous financial year and to state how the outcome affects the financial objectives contained in that year's CFSP. This year is however the first under the devolved governance structure and this year's BROP cannot therefore contain information to show changes in the forecast in the CFSP. Fiscal discipline will seek to ensure that the county is able to transit into devolution smoothly. Moreover, the county will work towards reducing poverty levels by bringing the relevant and essentials services to the people. We are committed to maintain the trend of economic growth and development in line with the expectation and commitment we have made to the people of Meru County.