| dc.description.abstract | County Budget Review and Outlook Paper (C-BROP) is prepared in accordance with the requirement of Section 118 of the Public Finance Management Act, 2012. The Act requires the County Treasury to prepare the C-BROP and submit it to County Executive Committee by 30th September of the year for review and approval.
C-BROP is a backward and forward looking document for it reviews previous financial year’s fiscal performance of the County, updated macroeconomic developments and how they impact on fiscal performance of the current and next financial years, and sets out indicative sector ceilings for next financial year and over the medium term. The paper therefore seeks to review the County’s FY 2018/2019 fiscal performance, and how the performance impacts on the financial objectives and fiscal responsibility principles articulated in the CFSP 2018. Fiscal performance review of the previous financial year, together with the updated macroeconomic developments and outlook present the basis for revision of the current budget in the context of supplementary estimates and the broad fiscal considerations defining the next budget and over the medium term.
The CBROP has been prepared against a backdrop of a resilient Kenyan economy. During the period 2018/2019 the County registered local revenue growth of about 15 percent from KSh. 801,540,123 in 2017/2018 to KSh. 918,967,412 | en |
