Trans Nzoia County Budget Review and Outlook Paper 2016

Abstract

This County Budget Review and Outlook Paper (CBROP) present the fiscal outcome for the 2015/2016 financial year and how this affects the financial objectives set out in the 2016 County Fiscal Strategy Paper (CFSP). The updated macroeconomic outlook therein also provides us with a basis to revise the 2016/2017 Budget in the context of the Supplementary Estimates, as well as set out the broad fiscal parameters for the 2017/18 budget. Despite brief challenges in the 1st quarter of financial Year 2015/16, the county government closed the year satisfactorily despite the revenue shortfall and significant expenditure reprioritization. The total cumulative revenue realized was Ksh. 6,068,114,736 compared to the targeted Ksh. 6,154,867,114. This represents a revenue shortfall of Ksh. 86,752,378 of which ordinary local revenues under collection was Ksh 24,056,478 while transfers from the National Treasury underperformed by Ksh. 62,695,900. On the other hand, expenditure amounted to Ksh. 5,333,330,140 of which Ksh. 3,543,533,047 was recurrent while Ksh. 1,789,797,093 was development expenditure. Thus, expenditure underperformed by Ksh. 734,784,596.