Elgeyo Marakwet Budget Review and Outlook Paper 2017

Abstract

This County Budget Review and Outlook Paper (CBROP) is the 5th to be prepared by the Elgeyo Marakwet County as provided for under the Public Financial Management Act, 2012 section 118. In line with the law, the CBROP contains a review of the fiscal performance of the financial year 2016/17, updated macroeconomic forecast, and the experiences in the implementation of the budget estimates for financial year 2016/2017. The objective of the 2017 CBROP is to provide a review of the previous fiscal performance in the financial year 2016/2017 and how this impacts the financial objectives and fiscal responsibility principles set out in the last Fiscal Strategy Paper (CFSP 2017). This together with updated macroeconomic outlook provides a basis for revision of the current budget in the context of any supplementary estimates and the broad fiscal parameters underpinning the next budget and the medium term. The CBROP will be a key document in linking policy, planning and budgeting.