Kajiado County Budget Review and Outlook Paper 2014

Abstract

Kajiado County Budget Review and Outlook Paper (CBROP) 2014, is the second to be prepared under the administration of the County Government. It presents the fiscal outcome for 2013/14 financial year and how this affects the financial objectives set out in the 2014/15 Fiscal Strategy Paper. The updated macroeconomic outlook therein also provides us with a basis to revise the 2014/15 budget in the context of the Supplementary Estimates, as well as set out the broad fiscal parameters for the next budget and medium term. The Public Financial Management (PFM) Act, 2012 ushered in a paradigm shift in budget making. Apart from introducing reforms in our public financial management system, the law entrenched the Medium Term Expenditure (MTEF) Framework budgeting. Implementation of the 2013/14 financial year budget mainly facilitated the formative phase of the County Government. While these did not go without challenges, the year closed satisfactory despite the revenue shortfall and significant expenditure reprioritization. The outcome has had implications on the base in which the fiscal projections for the current financial year were based on.