|Publisher||Council of Governors (CoG)|
|Year of Publication||2016|
This County Budget Review and Outlook Paper (CBROP), prepared inaccordance with the Public Financial Management Act, 2012 section 118. Itdetails the actual fiscal performance in the financial year 2015/16compared to the budget appropriation for that year. It presents the recenteconomic developments and actual fiscal performance of the FY 2015/2016and makes comparisons to the budget appropriations for the same year. Itfurther provides updated macro-economic and financial forecasts withsufficient information to show changes from the projections outlined in theCounty Fiscal Strategy Paper (CFSP) 2016.In this Paper, we will also provide an overview of how the actualperformance of the FY 2015/2016 affected our compliance with the fiscalresponsibility principles and the financial objectives as detailed in the 2016CFSP. The paper is being prepared at a time when significant progress hasbeen made in operationalizing the County Government.The County priorities and goals outlined herein are based on the CountyIntegrated Development Plan (2013-2018) with emphasis on investment in:Infrastructure, Accessible and affordable healthcare, Agriculture and foodsecurity, accessibility of water and education. These priorities shall form thebasis for formulation of FY 2017/18 budget in the Medium Term. The papertherefore links county planning and policies to Budget which is the mainobjective of the Medium Term Expenditure Framework.The paper covers the following broad areas in review of the fiscalperformance of financial year 2015/2016; highlights of the recent economicdevelopments and the economic outlook; broad strategic priorities andpolicies for the Medium Term and the Medium Term Fiscal Framework. Thefiscal framework presented in the paper ensures a sustainable financingwhile allowing continued spending on priority programmes. Achievement ofthe set objectives calls for greater transparency, effectiveness and efficiencyin public financial management in order to ensure fiscal discipline.We are committed to maintain the trend of economic growth anddevelopment in line with the expectations and commitments we have madeto the people of Embu County. Towards this end, we shall ensure there istransparency and accountability by relaying our performance indicators tothe public as well as publicizing other publications as required by theConstitution 2010 and the Public Finance Management Act, 2012.
|Tags||embu, county, budget, review, and, outlook, paper, embu-county-budget-review-and-outlook-paper, Public Finance|