|Publisher||Council of Governors (CoG)|
|Year of Publication||2019|
...The County Budget Review and Outlook Paper (CBROP) 2019 has been prepared in line withthe Constitution of Kenya 2010 and Section 107 of the PFM Act, 2012. It presents the fiscaloutcome for FY 2018/2019 and the outlook in the medium-term period. The updatedmacroeconomic outlook provides a basis to revise the 2019/2020 budget in the context of thesupplementary estimates, as well as setting out the broad fiscal parameters for the nextmedium-term framework budget.In terms of resources mobilization, the county realized Kshs.6,684,626,916 against a targetof Kshs.6,959,073,379 in 2018/2019. This included locally generated revenue amounting toKhs.165 million an increase from Kshs.97 million raised in 2017/2018. Despite the goodperformance in local revenue generation, it still fell short of the Kshs. 255 million targets forthe year. A number of measures have been put in place in order to address challenges of localrevenue including automation of revenue collection as well as review of the Finance Act.On expenditure, the County absorbed Ksh.5,624,185,110 against a target of Kshs. 6,959,073,379.The expenditure comprised of Ksh.1,142,700,781 and Ksh.4,481,484,329 as development andrecurrent expenditures respectively and represented an absorption rate of 20% for developmentwhile recurrent absorption rate was 80%. This is a challenge that will be addressed by ensuringtimely procurement and strengthening monitoring of progress of development projects.The County priority in the medium-term are completion of ongoing development projects.For new projects emphasis will be alignment to the objectives of the Nyamira CountyBig Four Agenda which include infrastructure; health care; food security andagriculture; and water and environment. Emerging issues like climate change will alsobe mainstreamed in the activities of the various sectors.
|Tags||county, government, nyamira, Nyamira County Budget Review And Outlook Paper 2019, Nyamira County CBROP 2019, Public Finance|