Trans Nzoia County Budget Review and Outlook Paper 2018

Abstract

This County Budget Review and Outlook Paper (CBROP) has been prepared in line with the Public Finance Management (PFM) Act, 2012 and Regulations. It presents the fiscal outcome for the 2017/18 financial year and how this affects the financial objectives set out in the 2018 County Fiscal Strategy Paper (CFSP). The updated macroeconomic outlook therein also provides us with a basis to revise the 2018/19 Budget in the context of the Supplementary Estimates, as well as set out the broad fiscal parameters for the 2019/20 budget. Despite the challenges in the 1 st half of financial Year 2017/18 caused by the longer than expected electioneering period, the county government closed the year satisfactorily despite the revenue shortfall and significant expenditure reprioritization.