Tharaka Nithi County Budget Review and Outlook Paper 2024

Abstract

The County Budget Review and Outlook Paper (CBROP) 2024 is prepared in line with section 118 of the Public Finance Management (PFM) Act 2012 which requires the county Government to prepare a budget review and outlook paper covering every financial year and submit it to the County Executive Committee by the 30th date of September for review and approval. The 2024 CBROP has been prepared to cover the implementation of priority programmes, policies, and reforms to represent the National Government Bottom-Up Economic Transformative Agenda (BETA) that is also reflected in the Third generation County Integrated Development Plan (CIDP III 2023-2027). CBROP 2024 reviews fiscal performance of the county for FY 2023/24 against the budget appropriation. In addition, it provides information on the dynamics in predictions as portrayed in the County Fiscal Strategy Paper (CFSP) 2023 and how actual financial performance for the previous financial year may have affected compliance with the fiscal responsibility aspirations or the county financial obligations and plans for that year. It further gives reasons for any deviation from the county’s financial objectives in the immediate fiscal strategy paper and recommendations to work on the shortcomings. The updated economic and financial outlook presented in this paper spells an expanded fiscal parameter for drafting the next budget.