Nairobi City County Budget Review and Outlook Paper 2022
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Publication Date
2022Author
Type
Budgetviews
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County Government of Nairobi
Abstract/ Overview
This Budget Review and Outlook Paper (BROP) is prepared in accordance with the Public Financial Management Act, 2012 section 118. The CBROP contains a review of the fiscal performance of the financial year 2021/2022, updated macroeconomic forecast, and the experiences in the implementation of the budget estimates for financial year 2021/2022. The Budget Review and Outlook Paper is prepared in accordance with Section 118 of the Public Financial Management Act, 2012. The law states that: (1) The County Treasury shall prepare a County Budget Review and Outlook Paper in respect of the County for each of the financial year and submit the paper to the County Executive Committee by the 30th September of that year. (2) The Budget Review and Outlook Paper shall include: a) Actual fiscal performance in the previous year compared to the budget appropriation for that year; b) The updated economic and financial forecasts with sufficient information to show changes from the forecasts in the most recent County Fiscal Strategy Paper; c) Information on any changes in the forecasts compared with the County Fiscal Strategy Paper; and how actual financial performance for the previous financial year may have affected compliance with the fiscal responsibility principles, or the financial objectives in the County Fiscal Strategy Paper for that financial year; d) Reasons for any deviation from the financial objectives in the County Fiscal Strategy Paper together with proposals to address the deviation and the time estimated for doing so.