Kisii County Budget Review and Outlook Paper 2014

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County Government of Kisii

Type

Budget

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CBROP;2014

Abstract

This County Budget Review and Outlook Paper (CBROP), prepared in line with the Public Finance Management (PFM Act) 2012 Section 118 is the second to be prepared since the establishment of the County Governments. It presents the recent economic developments and actual fiscal performance of the FY 2014/20I5 and makes comparisons to the budget appropriations for the same year. The paper further provides an updated macro- economic and financial forecast with sufficient information to show changes from the projections outlined in the latest County Fiscal Strategy Paper. In this paper, we intends to provide an overview of how the actual performance of the FY affected our compliance with the fiscal responsibility principles and the financial objectives as outlined in the 2015 County Fiscal Strategy Paper (CFSP). The CBROP intends to continue to play a critical role in the preparation of budgets and management of public resources in the County Government. To strengthen the budget preparation process, the County government intends to continue to embrace performance budgeting and deepen public financial reforms to increase efficiency and effectiveness in service delivery and value for money.

Description

Keywords

Inflation Rate, Fiscal Performance, Resource Allocation, Development Expenditure, Economic Risk, Kenya

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