Homa Bay County Budget Review and Outlook Paper 2020

Abstract

This County Budget Review and Outlook Paper (CBROP) has been prepared in accordance with the provisions of Section 118 of the Public Financial Management Act, 2012. The paper reviews the recent economic developments and the actual fiscal performance of the FY 2019/2020 in comparison to the budget appropriations for that financial year, 2019/2020. In addition, it provides information on changes in forecasts as indicated in the County Fiscal Strategy Paper (CFSP) 2020 and, how the actual financial performance for the financial year may have affected compliance with the fiscal responsibility principles and the County financial objectives for that year. The paper equally sets the tone for the preparation of the FY 2021/2022 budget estimates. By the end of the FY 2019/2020, the County Government of Homa Bay had had fiscal receipts to operate with amounting to KSh. 8,295,042,721. Against the revised estimates of KSh. 8,969,578,696, this represented an average revenue performance of 92.5%. However, against the FY 2019/2020 original estimates of KSh. 8,337,787,696 this represented a revenue performance of 99.5%. Year on year from the FY 2018/19 to 2019/20, this represented an increase of KSh. 1,287,547,687 (18.4%) and is explained largely by the balance carried forward the previous year.