Kisii County Budget Review and Outlook Paper 2017/2018

Abstract

The County Budget Review Outlook Paper (CBROP) is prepared in line with section 118 of the Public Finance Management Act, 2012. This CBROP reviews the actual fiscal performance of the financial year 2017/18 in comparison with the budget appropriations of the same year. It also provides the recent economic developments and the updated economic and financial forecast with sufficient information to show changes from the forecast in the County Fiscal Strategy Paper (CFSP), February, 2017. In reviewing the fiscal performance, this paper further provides analysis of the local revenue performance during the period. This paper provides an overview of how the actual performance of the FY 2017/18 affected the financial objectives as outlined in the CFSP of 2017. Through the analysis of the of FY 2017/18 budget performance, it laid the basis for adjusting the FY 2018/19 budget. It is then anticipated that, the targeted revenue and expenditure for FY 2018/19 budget will be realized with strict expenditure controls and enhanced revenue raising measures. This will be achieved through fiscal discipline to ensure proper management of public resources and delivery of expected outputs.