|Publisher||Council of Governors (CoG)|
|Year of Publication||2019|
...The Machakos County Budget Review and Outlook Paper2019 was prepared pursuant to Section 118 of the Public Financial Management Act, 2012. It focuses on the fiscal year ending 30thJune 2019compared with the year on year growth for similar period in the Financial Year 2017/18. Global economic activity is expected to slow down to 3.2 percent in 2019 from 3.6 percent in 2018 with prospects across countries and regions remaining uneven. Growth prospects for sub-Saharan Africa continue to strengthen, with a projected growth of 3.4 percent in 2019 from 3.1 percent in 2018. Locally, the County fiscal analysis for FY 2018/2019 revealed an improved performance in both revenues(especially Own Source Revenue)and expenditure compared to similar period in FY 2017/2018. Funds absorption improved to Kshs.11.788billionin period under review from Kshs. 9.119billionin the previous year. It is expected that the various revenue measures put in place, will enable the County sustain the current revenue collection momentum and achieve its local revenue collection potential in the coming years.As the County continues with implementation of FY 2019/20 budget, departments are called upon to adhere to the circulars issued by treasury to ensure prudent use of the scarce resources available to the County.
|Tags||machakos, county, budget, review, outlook, Machakos County Budget Review Outlook Paper 2019, Public Finance|