Homa Bay County Budget Review and Outlook Paper 2023

Abstract

The 2023 County Budget Review and Outlook Paper (CBROP) for Homa Bay County has been prepared in accordance with Chapter 11 of the Constitution of Kenya, 2010; County Government Act, 2012; Sections 102, 105, and 118(1) of Public Finance Management Act, 2012; and Section 30(1-4) of FPM Regulations, 2015. This document presents a comprehensive overview of Homa Bay County’s fiscal and economic outcomes for the FY 2022/23 in line with the fiscal responsibility principles and the financial objectives as outlined in Section 107 of the PFM Act, 2012. Also, it presents macroeconomic projections and the sectors’ budget ceilings for the FY 2024/25 and the medium-term budget as well information on variations from the projections outlined in the FY 2023 County Government of Homa Bay Budget Circular. ultimately, the document sets the tone for the review of FY 2023/2024 budget estimates as well as the preparation of the FY 2024/2025 budget estimates. This means the document assesses the rate of revenue collection and sector program spending for the county government with a view to recommending measures to correct any major deviations and that may affect the fiscal performance of the county government for the upcoming year and over the medium term.