Nyeri County Budget Review and Outlook Paper 2018

Abstract

The Nyeri County Budget Review and Outlook Paper (CBROP) is developed in accordance with section 118 of the Public Finance Management Act, 2012. The CBROP, 2018, provides information on recent economic and financial projections with adequate information that will guide the development of budget proposals for the coming fiscal year. It likewise analyses the preceding year's financial plan and gives an outlook for the forthcoming financial year. In analyzing the fiscal performance, this paper reviews the performance of the county revenue in the FY 2017/18. The paper has also incorporated the aggregate income collected in contrast with the anticipated sum for the year. The review additionally incorporates the performance of county expenditure for the period under appraisal. This document has additionally given an overview of how the actual performance of the FY 2017/18 has affected the financial objectives as detailed in the County Fiscal Strategy Paper (CFSP), 2017. The foreseen performance of the FY 2018/19 spending will build the foundation for projecting the FY 2019/20 spending plan in view of current economic developments. It is projected that the anticipated income and expenditure for 2018/19 will be accomplished through strict controls on expenditure levels and improved revenue mobilization and collection measures.