...This paper is prepared pursuant to section 118of the Public Finance and Management Act 2012that mandates the County Treasury to prepare County Budget Review and Outlook Paper(CBROP). The paper analyses the overall fiscal performance of the county government for the financial year 2014/2015.The CBROP reviews the fiscal outcome for FY 2014/15and how this affects the financial objectives set out in the 2015/16budget estimates submited to the County Assembly on April 30, 2015. It also provides a basis upon which to revise the 2015/16budget in the context of the supplementary budget, as well as set out the broad fiscal parameters for the next medium term budget.The economic case for devolution relies essentially on efficiency arguments. The county governments understand better the needs of the citizens and hence match policies with citizens preferences. Devolution has increased accountability and transparency in the delivery of services. It is evident that the citizens have felt the effect of devolution.Bomet has continued to be rated among the first counties to allocate more funds to development projects.In the FY 2014/2015, development expenditure was at 46%, 54% in the current year and its deemed to go up in the following year.

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