|Publisher||Council of Governors (CoG)|
|Year of Publication||2018|
The County Budget Review and Outlook Paper (CBROP) 2018 has been prepared in line with Section 118 ofthe Public Finance Management (PFM) Act 2012 which requires the county government to prepare a budgetreview and outlook paper in respect for each financial year; and submit it to the County Executive Committeeby 30th September.The paper reviews fiscal performance of the county for the 2017/18 financial year while comparing it with thebudget appropriation. In addition, it provides information on changes in forecasts as indicated in the CountyFiscal Strategy Paper (CFSP) 2018; and how actual financial performance for the previous financial year mayhave affected compliance with the fiscal responsibility principles, or the county financial objectives for that year.It further gives reasons for any deviation from the county financial objectives in the fiscal strategy paper togetherwith proposals to address the deviations.The updated economic and financial outlook presented in this paper will set out the broad fiscal parametersfor preparation of the next budget. In particular, the provisional ceilings presented are intended to act as aguide to sector working groups in preparing their budgets.It is therefore my expectation that the policy paper will be useful in enhancing financial discipline and fiscalresponsibilities outlined in Section 107 of the PFM Act 2012 that will contribute towards the realization ofaspiration of the residents of Turkana County.
|Tags||turkana, county, budget, review, and, outlook, paper, september, 2018, Turkana 2018 CBROP, Public Finance|
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