Meru County Budget Review and Outlook Paper 2021

Abstract

County Budget Review and Outlook Paper (CBROP) 2021 is prepared in accordance with the Public Finance Management (PFM) Act, 2012 and its regulations. It presents a review of the budget performance for the FY 2020/21 and how the budget observed financial objectives as set out in the County Fiscal Strategy Paper 2021. It further delivers updated macro-economic and financial forecasts with sufficient information to show changes from the projections outlined in the CFSP 2021 and sets out the broad fiscal parameters for the FY 2021/22 budget and the medium term. 1.1 Objectives of CBROP The objective of the CBROP 2021 is to provide a review of fiscal performance for the FY 2020/21 and how this performance impacts on the financial objectives and fiscal responsibility principles set out in the CFSP 2021. This together with updated macroeconomic developments and outlook provides a basis for revision of the current budget in the context of Supplementary Estimates and the broad fiscal parameters underpinning the FY 2021/22 budget and the medium term.