Homa Bay County Approved Budget Estimates 2023/2024
Publication Date
2024Author
Type
Budgetviews
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County Government of Homa bay
Abstract/ Overview
The preparation of this budget is a requirement under the laws of Kenya. Specifically, Sections 125(1), 130 and 131 of the Public Finance Management Act (2012); Sections 107(1), 107(2) and 112 of the County Governments Act (2012); Sections 15(1) and 16 of Intergovernmental Relations Act (2012) and Sections 27 and 28 of the Urban Areas and Cities Act (2011 ), all provide guidelines for budget preparation, approval and tracking. Section 130 of the Public Finance Management Act (2012) specifically provides that the CEC Member responsible for fmance shall submit to the County Assembly the following in respect to the budget estimates: (a) A budget summary that includes budget policies; an explanation of how the budget relates to the fiscal responsibility principles and the financial objectives; a memorandum explaining how the resolutions adopted by the County Assembly on the budget estimates were taken into account; and (b) Budget estimates that include a list of county government entities that are to receive funds from the county government; all revenue allocations from the national government over the medium term, including conditional and unconditional grants; all estimate revenue by broad economic classification; all estimates of expenditure by vote and by programme; information regarding any loans made to the County Government of Homa Bay and any payments and liabilities to be made or incurred by the County Government for which an appropriation had not been made together with authority for the payments and; a statement specifying measures to implement any recommendations made by the County Assembly with respect to the budget of the previous year.
Subject/ Keywords
Budget Framework; Budget Implementation; Fiscal Projections; Revenue Collection; Resource Mobilization
Publisher
County Government of Homa baySeries
County Budget;2023/2024Collections
- County Budgets [3]
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