This paper details the actual fiscal performance in the financial year 2017/18 compared to the budget appropriation for that year. The updated macroeconomic outlook therein also provides us with a basis to revise the 2018/19 budget in the context of the Supplementary Estimates, as well as setting out the broad fiscal parameters for the next budget and medium term. It further provides updated macro-economic and financial forecasts with sufficient information to show changes from the projections outlined in the County Fiscal Strategy Paper (CFSP) for FY 2018/19. The paper covers the following broad areas in review of the fiscal performance of financial year 2017/2018; highlights of the recent economic developments and the economic outlook; broad strategic priorities and policies for the Medium Term and the Medium Term Fiscal Framework. The fiscal framework presented in the paper ensures a sustainable financing while allowing continued spending on priority programmes..