Nyamira County Budget Review and Outlook Paper 2022

Abstract

The County Budget Review and Outlook Paper (CBROP) 2022 has been prepared in line with the Constitution of Kenya 2010 and Section 118 of the PFM Act, 2012. It presents the fiscal performance for 2021/2022 Financial Year and the outlook in the medium-term period. The updated macroeconomic outlook provides a basis to revise the 2022/2023 budget in the context of the supplementary estimates, as well as setting out the broad fiscal parameters for the next medium-term framework budget. In terms of resources mobilization, the county realized Kshs. 6,551,246,492, against a target of Kshs.6,832,617,659 in 2021/2022. This included locally generated revenue amounting to Khs.166,905,985 a decrease from Kshs. 168,276,586 raised in 2020/2021. Despite the bad performance in local revenue generation, it still fell short of the Kshs. 128,094, targets for the year. A number of measures have been put in place in order to address challenges of local revenue including automation of revenue collection as well as review of the Finance Act.