Homa Bay County Approved Budget Estimates 2024/2025

Abstract

The preparation of this budget is premised on chapter 12 of the Constitution of Kenya 2010 read together with section 125 (1), 130 and 131 of the PFM act 2012, Sections 107 (1) and 112 of County Governments act (2012), section 15 (1) and 16 of intergovernmental relations act 2012 which stipulate specific requirements and guidelines for budget preparation, approval and reporting. Section 112 of the PFM act (2012) outlines responsibilities of the county executive committee Member of Finance requiring submission of a comprehensive budget summary and estimates to the county assembly. this includes a budget summary encompassing budget policies, explanations on fiscal responsibility principles and financial objectives and consideration of previous years resolutions alongside detailed budget estimates covering revenue allocation, expenditure breakdowns, loan information and measures to address previous recommendations. The budget serves as a crucial instrument through which the county government plans prioritizes and controls spending while also communicating financial information and priorities to stakeholders. it facilitates effective management of financial resources and provides a framework for assessing the efficiency and effectiveness of government programmes and services.