Elgeyo Marakwet County Budget Review and Outlook Paper 2023

Abstract

This document is the tenth CBROP after the enactment of devolved governance following the implementation of Constitution of Kenya, 2010. The County Budget Review and Outlook Paper (CBROP) is a policy document that reviews the performance of the previous financial year. This CBROP covers the 2022/2023 financial year. It presents the fiscal framework which provides a strong basis for building a common future regarding Fiscal discipline and accountability within the county. 2023 CBROP presents the fiscal outcome for 2022/2023 FY. It is one of the budget policy documents that enhances financial discipline and fiscal responsibilities. As provided for in the Public Finance Management (PFM) Act, 2012 and PFM Regulations,2015, the County is in pursuit of ensuring that its budget implementation is synchronized with the County Planning Framework. To this end, anchorage to the fiscal principles as stipulated in the PFM has been paramount in ensuring that the resources at the disposal of the County are optimally used for efficiency and effectiveness. This policy document acts as a strategy to ensure that all the County departments/ entities are working towards the achievement of its objectives as enshrined in the Constitution of Kenya. Fiscal discipline will seek to ensure that the county’s programmes, sub-programmes and development priorities work harmoniously towards ensuring sustainable economic growth and development. This will further lead to socio-economic wellbeing of county citizens. The initiatives also work toward improving the residents’ livelihoods by instituting mechanisms that enhance financial efficiency and effectiveness. The county is committed to maintaining the trend of economic growth and development as desired by the residents. The county government is also committed to national and international plans such as the Big Four Agenda, the Kenya Vision 2030 and attainment of Sustainable Development Goals (SDGs). The period under review saw strides and initiatives that guided the county towards realization of its vision and goals.