|Publisher||Council of Governors (CoG)|
|Year of Publication||2018|
...The County Budget Review and Outlook Paper (CBROP) is prepared in accordance withSection 118 of the Public Finance Management Act, 2012.It presents the fiscal outcome for FY2017/18 and how this relates with the financial objectives that were set out in the 2017/18Programme Based budget. The updated macroeconomic outlook herein provides a basis torevise the 2018/19 budget in the context of the supplementary estimates, as well as setting outthe broad fiscal parameters for the next medium term framework budget.The FY 2017/2018 had its fair share of challenges that included delay in salaries of countyemployees for three months caused by the introduction of a second supplementary budgetand delays in exchequer releases. Despite these challenges, the overall performance of thecounty was above average. The lessons learnt would inform county management decisionsaimed at improving the countys performance in the medium term for effective and efficientabsorption of departmental allocations. In order to build on the successes of the 2017/18 FY,the county will continue to invest on priority areas as envisaged in the 2018 Fiscal StrategyPaper despite pressures brought about by the National Government resolve to reduce countyrevenue allocation by 9 billion for the financial year 2018/2019 and the introduction of theVAT levy on fuel which has caused inflation rates to rise.Going forward, the County Government will endeavor to strengthen revenue collectionacross all the revenue streams by training the revenue officers on ethics and good governanceand by implementing the revenue automation strategy in the FY 2018/2019.The countytreasury in conjunction with other relevant entities would endeavor to control the ballooningwage bill in order to adhere to the provisions of the PFM Act.
|Tags||county, government, nyamira, Nyamira County Budget Review Outlook Paper 2018, CoG Of Nyamira Budget Review Outlook Paper 2018, Public Finance|