|Publisher||Council of Governors (CoG)|
|Year of Publication||2015|
The preparation of the Nyandarua County 2015/2016 County Budget Review and OutlookPaper (CBROP) by the County Treasury is provided in Section 118 of the Public FinanceManagement Act, 2012 (PFMA). The 2015/16 CBROP is the third one in the County. Fiscalperformance of the budget, resource allocations and priorities for the following financial year(2016/2017) are some of the components of the CBROP.It provides a review of the 2014/2015 financial years fiscal performance and together withupdated macroeconomic outlook, provides a basis for the indicative resource allocationframework for the 2016/17 financial year.CBROP ensures effective linkage between policies, planning and budgeting. It sets out thebroad objectives, policy goals and strategic priorities that will guide the County Governmentin preparing the budget both for the 2016/2017 financial year and over the medium term.As a review document, the CBROP highlights the financial status of the county to thespending agencies, and other stakeholders. It also provides tentative indicators of the totallimits within which the County can expend for the 2016/17 financial year. This is founded onthe expected flows from the National Government as well as the revenues mobilized locally.This CBROP seeks to promote fiscal discipline as well as to lay the criteria for resourceallocation. The criteria has taken into cognizant county goals in reducing poverty levels andstimulating employment by re-orienting expenditure to the high impact areas and reducing onnon-priority spending.To realize the above, the County government is committed to implement high-impact andsustainable projects/programmes that would ensure stable and sustainable economic growth.This will also entail prudent financial appropriation, enhance revenue collection and instillbudget control mechanism. Further, we shall ensure that there is transparency andaccountability by relying on our performance indicators as well as publicizing this paper andother publications as required by the Constitution of Kenya and the Public FinanceManagement Act, 2012.
|Tags||nyandarua, county, budget, review, and, outlook, paper, cbrop, 2015, 2016, nyandarua-county-budget-review-and-outlook-paper-cbrop-2015-2016, Public Finance|