Uasin Gishu County Budget Review and Outlook Paper 2023

Abstract

County Budget Review and Outlook Paper (CBROP) presents a review of economic and fiscal developments in the previous year, updated medium-term economic and financial forecasts since approval of the most recent County Fiscal Strategy Paper (CFSP) and indicative sector budget ceilings for the coming year. CBROP 2023 has been prepared in accordance with Section 118 of the Public Finance Management Act, 2012. The section requires the County Treasury to prepare the paper in respect of each financial year and submit the same to the County Executive Committee (CEC) by 30th September of that year, with the CEC given fourteen days to consider the paper with a view to approving it with or without amendments. Section 118 further, requires the CEC to submit the approved CBROP to the County Assembly within seven days, then publish and publicize it as soon as is practicable. CBROP plays a significant role in the entire budget making process. CBROP 2023 provides a review of fiscal performance of the previous financial year, updated macroeconomic developments and outlook with implications on the current and coming financial years.