The objective of the 2019 County Budget Review and Outlook Paper is to provide a review of the fiscal performance in the financial year 2018/2019 and how this impacts the financial objectives and fiscal responsibility principles. This together with updated macroeconomic outlook provides a basis for the revision of the budget in the context of Supplementary Estimates for FY 2019/2020 and the broad fiscal parameters underpinning the FY 2020/2021 budget and the medium term. Details of the fiscal framework and priorities will be firmed up in the County Fiscal Strategy Paper 2020. Section II provides a review of the fiscal performance in financial year 2018/2019 and its implication on the financial objectives set out in the last CFSP 2019. Section III, provides highlights of the recent economic developments and the outlook. Section IV provides the resource allocation framework and conclusion is provided in Section V.