|Publisher||Council of Governors (CoG)|
|Year of Publication||2020|
The Kisumu County Budget Review and Outlook Paper (CBROP) was prepared in pursuant toSection 118 of the Public Financial Management Act, 2012.This review document focused onthe fiscal year ending 30th June 2020 compared with the year on year growth for the similarperiod in previous years.The CBROP also reviews the fiscal outcome for FY 2019/2020 and its effects on the financialobjectives set out in the 2020/2021 budget estimates submitted to the County Assembly onApril 30,2020. Which also presents the recent economic developments and actual fiscalperformance of the FY 2019/2020 and makes comparisons to the budget appropriations forthe same year. In this Paper, we will also provide an overview of how the actual performanceof the FY 2019/2020 affected the Countys compliance with the fiscal responsibility principlesand the financial objectives as detailed in the 2020 CFSP.In the paper, the County is re-emphasizing the Governments fiscal policy strategy, whichfocuses on maintaining a strong revenue effort and shifting composition of expenditure fromthe recurrent to productive capital expenditure and optimally ensuring efficiency andeffectiveness in the use of public resources. A strategy that recognizes the need to strike abalance between growth and fiscal sustainability, with emphasis on higher investments in socialsectors and infrastructure development for a stronger and more durable growth tomorrow.The FY 2019/2020 was faced with several challenges like the outbreak of COVID-19 pandemic.This led to the reallocation of funds to control the spread of the virus and to also cushionvulnerable families in Kisumu County from the effects of this pandemic. Late disburse of fundsby the national government also led to the non-satisfactory closing of the financial year.As outlined in the CFSP, the development agenda will be implemented through the five majorpriority sectors; investing in quality and accessible health care services, provision of qualityeducation, Water and Transport Infrastructure development and improved land services. Theimplementation of programs under these five strategic sectors is expected to raise efficiency andProductivity in the Countys economy and in turn accelerate and sustain inclusive growth,create opportunities for productive growth and ensure high standards of living for KisumuCounty residents.
|Tags||kisumu, county, budget, review, and, outlook, paper, kisumu-county-budget-review-and-outlook-paper-, Public Finance|