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COUNTY GOVERNMENT OF MARSABIT
COUNTY BUDGET REVIEW AND OUTLOOK PAPER
SEPTEMBER 2014
Marsabit County Budget Review and Outlook Paper, 2014
1
FOREWORD
The enactment of the Public Finance Management Act 2012 ushered in a paradigm shift in public
finance management and especially the budget making process. To ensure transparency and
accountability in the use of public resources, the PFM Act brought forth several important documents
that are to be used in the budget making process. One of these documents is the County Budget
Review and Outlook Paper (C-BROP).
The C-BROP 2014 presents recent economic developments and actual fiscal outcome for FY 2013/14
and makes comparisons to the budget appropriations for the same year. The updated macroeconomic
outlook also provides us with a basis to revise the 2014/15 budget in the context of the
Supplementary Estimates, as well as setting out the broad fiscal parameters for the next budget and
medium term.
The significance of C-BROP is that it ensures the County Government reviews its previous year’s
budget performance, the county and national economic-financial environment and its likely impact
on the level of future revenues and to set preliminary sector ceilings in the light of this review of
revenues.
To strengthen the budget preparation process, the County government of Marsabit will continue to
embrace programme-based budgeting and deepen public financial reforms to increase efficiency and
effectiveness in service delivery and value for money. Emphasis will be placed on implementation of
development projects as these will spur growth of the local economy and improve the lives of the
residents of Marsabit County.
The fiscal framework presented in this 2014 CBROP provides a strong basis for building our
common future under the new constitutional dispensation.
Hon. Guracha A. Bidu
CECM - Finance and Economic Planning
Marsabit County Budget Review and Outlook Paper, 2014
2
Legal Basis for the Publication of the Budget Review and Outlook Paper
The Budget Review and Outlook Paper is prepared in accordance with Section 118 of the Public
Financial Management Act, 2012. The law states that:
The County Treasury shall prepare and submit to the County Executive Committee for approval, by
30th September in each financial year, a Budget Review and Outlook Paper which shall include:
a) Actual fiscal performance in the previous financial year compared to the budget appropriation
for that year;
b) Updated macro-economic and financial forecasts with sufficient information to show changes
from the forecasts in the most recent County Fiscal Strategy Paper
c) Information on how actual financial performance for the previous financial year may have
affected compliance with the fiscal responsibility principles or the financial objectives in the
latest County Fiscal Strategy Paper; and
d) The reasons for any deviation from the financial objectives together with proposals to address
the deviation and the time estimated to do so.
2) The County Executive Committee shall consider the Budget Review and outlook Paper with a
view to approving it, with or without amendments, not later than fourteen days after its submission.
3) Not later than seven days after the C-BROP has been approved by County Executive Committee,
the County Treasury shall:
a) Arrange for the Paper to be laid before the County Assembly; and
b) As soon as practicable after having done so, publish and publicize the Paper.
Marsabit County Budget Review and Outlook Paper, 2014
3
The Fiscal Responsibility Principles laid out in section 107 of the Public Finance Management
Act 2012
In line with the Constitution, the new Public Financial Management (PFM) Act, 2012, sets out the
fiscal responsibility principles to ensure prudency and transparency in the management of public
resources. The PFM law section 107 states that:
1) A County Treasury shall manage its public finances in accordance with the principles of fiscal
responsibility set out in subsection (2), and shall not exceed the limits stated in the regulations.
2) In managing the county government’s public finances, the County Treasury shall enforce the
following fiscal responsibility principlesa) The county government’s recurrent expenditure shall not exceed the county government’s
total revenue;
b) Over the medium term a minimum of thirty percent of the county government’s budget shall
be allocated to the development expenditure;
c) The county government’s expenditure on wages and benefits for its public officers shall not
exceed a percentage of the county government’s total revenue as prescribed by the County
Executive member for finance in regulations and approved by the County Assembly;
d) Over the medium term, the government’s borrowings shall be used only for the purpose of
financing development expenditure and not for recurrent expenditure;
e) The county debt shall be maintained at a sustainable level as approved by county assembly;
f) The fiscal risks shall be managed prudently; and
g) A reasonable degree of predictability with respect to the level of tax rates and tax bases shall
be maintained, taking into account any tax reforms that may be made in the future.
(3) For the purposes of subsection (2) (d), short term borrowing shall be restricted to management
of cash flows and shall not exceed five percent of the most recent audited county government
revenue.
(4) Every county government shall ensure that its level of debt at any particular time does not
exceed a percentage of its annual revenue specified in respect of each financial year by a resolution
of the county assembly.
(5) The regulations may add to the list of fiscal responsibility principles set out in subsection (2).
Marsabit County Budget Review and Outlook Paper, 2014
4
I. INTRODUCTION
Objective of the CBROP
The objective of the C-BROP is to provide a review of the previous fiscal performance and how this
impacts the financial objectives and fiscal responsibility principles set out in the last County Fiscal
Strategy Paper. This together with updated macroeconomic outlook provides a basis for revision of
the current budget in the context of Supplementary Estimates and the broad fiscal parameters
underpinning the next budget and the medium term.
The C-BROP is significant in the budget preparation process especially with regard to the medium
term expenditure framework within which the county planning, budgeting and execution of its
programmes are managed. It reviews the previous year’s budget performance, the county and
national economic-financial environment and its likely impact on the level of future revenues and to
set preliminary sector ceilings in the light of this review of revenue.
The paper is structured into four sections which are;
i.
Review of county fiscal performance for the previous year i.e. 2013/2014- details of the
actual vs. budget for the year.
ii.
Recent economic development and outlook
iii.
Resource allocation framework
iv.
Conclusion
Marsabit County Budget Review and Outlook Paper, 2014
5
II. REVIEW OF COUNTY FISCAL PERFORMANCE
Overview
This is our first C-BROP to be prepared since the inception of the county government. The fiscal
performance in 2013/14 was generally satisfactory, despite the challenges with shortfall in local
revenues and mounting expenditure pressures.
During the FY 2013/2014, local revenue performance was affected by insecurity in parts of the
County especially Moyale that led to disruption of business activities. The county government
however still managed to meet its revenue target, collecting Kshs 46 million which represents 104.5
per cent of the annual local revenue target.
On the expenditure side, the county government of Marsabit incurred expenditure totalling to Kshs
2.5 billion. This comprises of Kshs 1.9 billion spent on recurrent operations and Kshs 594.3 million
spent on development activities.
Marsabit County Budget Review and Outlook Paper, 2014
6
2013/14 Fiscal Performance
The table below presents the fiscal performance for the FY 2013/14
Table 1: Revenue
Revenue
BUDGET
13/14
Land Rates/plot rents/market
stalls rent
Stock Movement fee
Single Business Permits
Total Cess Receipts
Stock Auction fee
Sale of tender documents,
FIF, water bills
Others
Deviation
BUDGET
14/15
PROJECTED
15/16
3,340,689
5,925,970
6,856,073
12,787,826
5,016,820
6,026,718
6,078,525
SUB-TOTAL L0CAL
SOURCES
Revenue transfer from
national government
Donor (DANIDA)
Totals
ACTUALS
13/14
3,795,591,042
46,032,631
48,400,000
3,453,987,849
4,418,367,634
13,170,000
4,479,937,634
3,500,020,480
Marsabit County Budget Review and Outlook Paper, 2014
7
5,143,328,755
Table 2: Expenditure
Budget 2013/14
VOTE TITLE
Rec
Dev
Actual 2013/14
Total
Rec
Dev
Deviation
Total
Rec
Budget 2014/15
Dev
Total
County
Administration
County Executive
166,880,000
80,000,000
246,880,000
103,521,268
19,152,235
122,673,503
63,358,732
60,847,765
124,206,497
425,450,000
126,000,000
551,450,000
400,374,083
27,015,991
427,390,074
25,075,917
98,984,009
124,059,926
County Assembly
444,543,304
70,000,000
514,543,304
380,567,684
5,390,056
385,957,740
63,975,620
64,609,944
128,585,564
Agriculture,
Livestock,
Veterinary &
Fisheries
County Public
Service Board
Finance & Economic
Planning
Water, Environment
& Natural Resources
Education, Skills
Development, Sports
&Youth affairs
Health Services
112,012,000
137,000,000
249,012,000
103,127,912
109,282,122
212,410,034
8,884,088
27,717,878
36,601,966
85,230,000
72,765,472
72,765,472
12,464,528
0
12,464,528
Lands, Energy,
Housing & Urban
Development
County Roads,
Transport & Public
Works
Trade, Industry
&Enterprise
Development
Tourism, Culture &
Social Services
TOTAL
85,230,000
101,347,093
5,000,000
106,347,093
97,629,993
4,485,500
102,115,493
3,717,100
514,500
4,231,600
131,348,640
200,000,000
331,348,640
127,149,218
154,282,489
281,431,707
4,199,422
45,717,511
49,916,933
45,850,000
130,719,105
176,569,105
36,118,540
61,078,573
97,197,113
9,731,460
69,640,532
79,371,992
443,488,640
250,000,000
693,488,640
420,769,715
58,329,314
479,099,029
22,718,925
191,670,686
214,389,611
68,650,000
75,033,799
143,683,799
64,565,547
15,189,740
79,755,287
4,084,453
59,844,059
63,928,512
62,140,000
458,000,000
520,140,000
45,107,119
118,613,608
163,720,727
17,032,881
339,386,392
356,419,273
45,730,000
55,000,000
100,730,000
41,283,525
776,631
42,060,156
4,446,475
54,223,369
58,669,844
39,980,000
80,606,317
120,586,317
30,772,624
10,744,428
41,517,052
9,207,376
69,861,889
79,069,265
2,172,649,677
1,667,359,221
Marsabit
County1,923,752,700
Budget Review
and Outlook2,508,093,387
Paper, 2014 248,896,977 1,083,018,534 1,331,915,511
3,840,008,898
584,340,687
8
Rec
Dev
Total
Local Revenue
Total local revenue collection for the FY 2013/2014 amounted to Kshs. 46 million against annual
target Kshs. 44 million. The main revenue sources for the County Government as shown in Fig. 1 are
1. Cesses
2. Single Business permits
3. Stock Movement and auction fees among others
Though the county government managed to surpass its annual revenue target, there were challenges
that affected revenue performance. These include inadequate capacity both in terms of personnel and
revenue collection methods used, revenue leakages and insecurity in parts of the county
County Expenditure performance
Total actual expenditure for the period amounted to Kshs 2,508,093,388
3,840,008,898, representing an under spending of Kshs 1,331,915,510.
against a target of Kshs
Overall absorption of funds for the FY 2013/14 was 65.7%. The ranking of the departments based on
the absorption rates (actual expenditure vs. total departmental budget) is as follows starting with the
department with the highest absorption rate.
1. Finance & Economic Planning
2. County Public Service Board
3. Agriculture, Livestock, Veterinary & Fisheries
4. Water, Environment & Natural Resources
5. County Executive
6. County Assembly
7. Health Services
8. Lands, Energy, Housing & Urban Development
9. Education, Skills Development, Sports &Youth affairs
10. County Administration
11. Trade, Industry &Enterprise Development
12. Tourism, Culture & Social Services
13. County Roads, Transport & Public Works
The under spending is attributed to the following;
a) Slow procurement processes in finalizing and awarding tenders for the various approved
projects,
b) Inadequate personnel
c) Insecurity in some parts of the county that affected implementation of development projects
Implication of fiscal performance
Revenue
The revenue base has not changed significantly to warrant an adjustment to projected revenues for
this budget. However, going by revenue trends in FY 2013/2014 which was on an upward trajectory
since the situation in Moyale went back to normal, there is perhaps need to revise the revenue target
Marsabit County Budget Review and Outlook Paper, 2014
9
upwards. The county government is considering automation of revenue system and this is expected to
significantly improve revenue collection.
Expenditure
The under-spending in both recurrent and development budget for the FY 2013/14 additionally has
implications on the base used to project expenditures in the FY 2014/15. The County Treasury will
work closely with the implementing agencies (departments) to improve resource absorption and/or
adjust the ceilings in the next county fiscal strategy paper.
III. RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK
One and half years since a new government was elected in March 2013; Kenya has maintained a
stable macroeconomic environment despite challenges of financing the new devolved system of
governance and travel advisories issued by some western countries that to some extent affected
tourism earnings.
A. Recent Economic Developments
1. The economy is projected to grow by 5.7% in 2014 according to the National Treasury. Medium
term prospects are stronger, with the growth in Gross Domestic Product (GDP) projected to improve
to around 6%. Good performance in the manufacturing and agricultural sectors which expanded at
6.7% and 5.6% respectively is expected to further fuel economic growth. Private sector credit
expanded to a record 17.4% in 2013, from 7.7% in 2012, and the equity market also remained
resilient last year through the first quarter of 2014. Moreover, Kenya successfully concluded a threeyear International Monetary Fund (IMF) extended credit facility program, which disbursed $750
million, helping the government to boost international reserves and to gradually reduce fiscal deficits
to lower the public debt burden.
2. Inflation remains within the central bank’s target band, reflecting the implementation of sound
monetary policy, and has contributed to the stability of the country’s currency. Following a
successful sovereign bond issue, international reserves have reached a level of more than five months
of import coverage. Kenya’s expanding financial sector remains robust, and the on-going process of
financial inclusion has opened up the possibility of extending credit at more affordable rates to small
and medium-sized enterprises.
3. Devolution is a major undertaking that holds great promise for the Kenyan population. It provides
the opportunity to foster inclusive growth, increase job creation and address inequality. While
considerable progress has been made during the first year of devolution--with much-needed
investments in health, roads and access to water—accountability, compliance with the legal
framework and implementation capacity need to be further strengthened to effectively maximize the
benefits of devolved resources, improve the provision of public services and mitigate fiscal risks.
Budget preparation and execution mechanisms are being developed, and oversight by the National
Treasury and independent constitutional offices is contributing to greater transparency and
accountability in public finances.
Marsabit County Budget Review and Outlook Paper, 2014
10
Implementation of 2014/15 budget
1. Challenges with regard to funding of County Governments by the National Government
delayed implementation of the FY 2014/15 budget by two months which affected
implementation of development projects.
2. Revenue collected for the first two months of the FY 2014/15 was Kshs. 15,517,703.70
against an annual target of Ksh. 48,400,000. This is an indication that with enhanced
administrative measures to seal revenue source leakages the county’s collection will definitely
exceed its target from the local sources.
3. The expenditure for the first two months of the year was Kshs 234,608,157.25 against an
annual target of Kshs 4,479,937,634. The delay in enactment of the County Allocation of
Revenue Bill and pending court cases are all expected to impact negatively on budget
implementation.
Overview of recent developments
1) The growth in the county economy in light of national macroeconomic policy settings is
favourable as evidenced by increased business activities and rapidly improving standards
of living of our people.
2) The on-going road construction project (Isiolo-Moyale road) is expected to open up the
County and boost trade and investment.
3) The effects of stable inflation on national and county economic growth prospects are
being felt by observing the consumption trends which have an impact on the revenue
projections.
4) There are growth trends of the county’s major economic sectors such as agriculture and
livestock trade and this will have multiplier effects on trade and investment in the county
5) The governance structure is being felt at the grass roots through increased public
participation in all financial matters as envisaged by article 201 of the Constitution.
B. Medium Term Fiscal Framework
1. Our prudent fiscal policy objective will provide an avenue to support economic activities, while
allowing for implementation of the Governor’s manifesto within sustainable public finances.
Marsabit County Budget Review and Outlook Paper, 2014
11
2. With respect to revenue, the County Government will maintain a strong revenue effort over the
medium term. Measures to achieve this effort include simplification of the taxes, fees and charges
with an effort to encourage compliance and enhanced administrative measures for example
automation of revenue collection in order to reduce leakages.
3. As a County we do recognize the vast natural resources at our disposal. Our County Government is
engaging with stakeholders to develop a comprehensive policy and
legislative
framework
covering ways of attracting investors, licensing, and revenue raising measures, taxation and
sustainable use of the resources. This will ensure that we derive maximum benefit from these natural
resources.
4. On the expenditure side, the County Government will continue with rationalization of expenditure
to improve efficiency and reduce wastage. Expenditure management will be strengthened with
implementation of the Integrated Financial Management Information System (IFMIS) across
departments. Above all, the county government is closely monitoring its recurrent expenditure with a
view to reducing unproductive expenditure.
C. Risks to the outlook
Kenya remains vulnerable to external and domestic risks, and continues to underperform relative to
its potential. Growth remains significantly below the Vision 2030 target rate of 10% and is also short
of the 6% average of Kenya’s peers in the East African Community and sub-Saharan Africa.
Emerging fiscal pressure from implementation of devolution, financing of programs promised by the
Jubilee government during elections and rising public sector wage bill further constrain prospects for
growth. Rising interest payments and slow revenue growth compound the situation, though private
sector growth, supported by expansion of bank credit to the sector, is expected to underpin growth
prospects. The external position is weak, with risks of deteriorating terms of trade, due to high
import demand, driven by oil and gas exploration and infrastructure projects. Exports remain stagnant
mainly as a result of subdued demand from Kenya’s trading partners and increased vulnerabilities of
emerging markets. Furthermore, the external position may continue to weaken due to high petroleum
prices and renewed security threats in the region, which have a negative impact on tourism.
Rainfall was below average in the county during the main wet season from March to May. The dry
weather cut farming yields and led to crop failure especially around Mount Marsabit which serves as
the food basket for the county. Livestock production was equally affected with drought ravaging
most parts of the county for the better part of FY 2013/14.
At the national level, Tourism was adversely affected by spate of attacks claimed by Islamist group
Al-Shabaab and the subsequent travel advisories issued by western nations. The major development
challenges affecting the development of the county include; low agricultural production, shortage of
safe clean water, environmental degradation, illiteracy, cattle rustling and poor infrastructure among
others.
Marsabit County Budget Review and Outlook Paper, 2014
12
D. Opportunities
Despite this immediate political challenge the country faces, its medium to long-term outlook is
good. With over 40% of the population under the age of 15, Kenya stands to benefit from a
significant demographic dividend, provided that sufficient jobs can be found when this population
bulge enters the workforce. The Kenya Vision 2030 development plan identifies tourism, agriculture,
wholesale and retail trade, manufacturing, IT services and financial services as strategic sectors for
development. The plan also outlines key infrastructure projects including reinforcement of the
country’s electrical system, port improvements, and expansion of the road network, airport
rehabilitation and railway construction. Recent discoveries, including the identification of a major
new water aquifer as well as potentially significant oil reserves, also promise to drive economic
development.
Mechanization of agriculculture- the county government has embarked on the mechanization of
agriculture to improve food security through the purchase of tractors which are expected to increase
acreage under cultivation. This will greatly improve food production and reduce the the perenial
depedancy of our people on relief food. Introduction of modern farming methods e.g. greenhouses in
some parts of the county will also improve food prodcutivity.
Tarmacking of Isiolo-Moyale road as part of the Lappset mega-project is expected to reduce the cost
of transportation and open up the County to trade and investment. Security along the highway is also
expected to improve after the tarmack is completed. This will increase the number of both domestic
and foreign tourists visiting major tourist attraction areas/sites within the county.
The county intends to construct and equip a modern laboratory which will house a modern pharmacy,
ultra-modern laboratory, theatre and administration block. This will greatly improve health service
delivery within the County. To ensure growth of our local economy and improvement in the lives of
our people. The county government will contine allocating substantial amount of resources to
development activities.
Marsabit County Budget Review and Outlook Paper, 2014
13
IV. RESOURCE ALLOCATION FRAMEWORK
A. Adjustment to 2014/15 Budget
1. Adjustments to the 2014/15 budget will take into account actual performance of expenditure so far
and absorption capacity in the remainder of the financial year. Because of the resource constraints,
the County Government will rationalize expenditures by cutting those that are non-priority.
2.
Any review of salaries and benefits for the County workers will be conducted by the Salaries
and Remunerations Commission (SRC) in accordance with Article 230 of the Constitution and
Regulations and the County Public Service Board which will be guided by the SRC.
3. Considering improvement in revenue collection over the last couple of months, annual revenue
target will be revised upwards.
B. Medium-Term Expenditure Framework
1. Going forward, and in view of the recent macroeconomic circumstance and limited resources,
MTEF budgeting will entail adjusting non-priority expenditures to cater for the priority sectors. The
County Integrated Development Plan CIDP (2013- 2017) will guide resource allocation. The priority
social sectors will continue to take a large share of total resources, Economic sectors of agriculture
and livestock will also be allocated adequate resources. Resources for physical infrastructure such as
roads (including feeder roads), and water will continue to increase. The County Government will
continue enhancing food security and protecting the livelihoods of the poor and the most vulnerable
members of our society.
2. Considering the above medium-term expenditure framework, the table below provides the
tentative projected baseline ceilings for the 2015/16 MTEF which should departments in preparation
of the 2015/16 budget
Marsabit County Budget Review and Outlook Paper, 2014
14
TABLE 3: Medium Term Sector Ceiling 2014 /15 - 20 17/18
DEPARTMEN
T
County
Administration
County Executive
County Assembly
Agriculture,
Livestock,
Veterinary &
Fisheries
County Public
Service Board
Finance &
Economic
Planning
PROJECTIONS
ESTIMATES
2014/15
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
CEILING
FY 2015/16
2016/17
2017/18
277,145,442.19
291,002,714.30
305,552,850.01
320,830,492.52
199,145,442.19
209,102,714.30
219,557,850.01
230,535,742.52
78,000,000.00
81,900,000.00
85,995,000.00
90,294,750.00
401,980,000.00
422,079,000.00
443,182,950.00
465,342,097.50
266,980,000.00
280,329,000.00
294,345,450.00
309,062,722.50
135,000,000.00
141,750,000.00
148,837,500.00
156,279,375.00
399,000,000.00
418,950,000.00
439,897,500.00
461,892,375.00
320,000,000.00
336,000,000.00
352,800,000.00
370,440,000.00
79,000,000.00
82,950,000.00
87,097,500.00
91,452,375.00
364,968,380.24
383,216,799.25
402,377,639.21
422,496,521.18
128,757,582.00
135,195,461.10
141,955,234.16
149,052,995.86
236,210,798.24
248,021,338.15
260,422,405.06
273,443,525.31
64,829,169.17
68,070,627.63
71,474,159.01
75,047,866.96
57,829,169.17
60,720,627.63
63,756,659.01
66,944,491.96
7,717,500.00
8,103,375.00
7,000,000.00
7,350,000.00
365,336,691.40
383,603,525.97
402,783,702.27
422,922,887.38
345,336,691.40
362,603,525.97
380,733,702.27
399,770,387.38
Marsabit County Budget Review and Outlook Paper, 2014
15
Dev.
Gross
Water,
Environment &
Natural Resources
Education, Skills
Development,
Sports &Youth
affairs
Health Services
Lands, Energy,
Housing & Urban
Development
County Roads,
Transport &
Public Works
Trade, Industry
&Enterprise
Development
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
Dev.
Gross
SUBTOTAL
Rec
Gross
20,000,000.00
21,000,000.00
22,050,000.00
23,152,500.00
382,845,700.00
401,987,985.00
422,087,384.25
443,191,753.46
92,945,700.00
97,592,985.00
102,472,634.25
107,596,265.96
289,900,000.00
304,395,000.00
319,614,750.00
335,595,487.50
259,477,561.90
272,451,440.00
286,074,011.99
300,377,712.59
88,677,561.90
93,111,440.00
97,767,011.99
102,655,362.59
170,800,000.00
179,340,000.00
188,307,000.00
197,722,350.00
920,913,940.20
966,959,637.21
1,015,307,619.0
7
1,066,073,000.02
652,913,940.20
685,559,637.21
719,837,619.07
755,829,500.02
268,000,000.00
281,400,000.00
295,470,000.00
310,243,500.00
301,270,416.40
316,333,937.22
332,150,634.08
348,758,165.79
77,470,416.40
81,343,937.22
85,411,134.08
89,681,690.79
223,800,000.00
234,990,000.00
246,739,500.00
259,076,475.00
373,842,578.00
392,534,706.90
412,161,442.25
432,769,514.36
68,367,500.00
71,785,875.00
75,375,168.75
79,143,927.19
305,475,078.00
320,748,831.90
336,786,273.50
353,625,587.17
218,270,358.20
229,183,876.11
240,643,069.92
252,675,223.41
45,270,358.20
47,533,876.11
49,910,569.92
52,406,098.41
Marsabit County Budget Review and Outlook Paper, 2014
16
Dev.
Gross
Tourism, Culture
& Social Services
SUBTOTAL
Rec
Gross
Dev.
Gross
173,000,000.00
181,650,000.00
190,732,500.00
200,269,125.00
150,057,396.30
157,560,266.12
165,438,279.42
173,710,193.39
48,057,396.30
50,460,266.12
52,983,279.42
55,632,443.39
102,000,000.00
107,100,000.00
112,455,000.00
118,077,750.00
Marsabit County Budget Review and Outlook Paper, 2014
17
V. CONCLUSION
The fiscal outcome for 2013/14 together with the updated macroeconomic forecast have had
ramification on the financial objectives. Going forward, the set of policies outlined in this CBROP
reflect the changed circumstances and are broadly in line with the fiscal responsibility principles
outlined in the PFM law. They are also consistent with the national strategic objectives pursued by
the National Government as a basis of allocation of public resources. The County shall also
endeavour to mobilize more resources through enhanced revenue collection, private public
partnership as well as creating a conducive environment for investment attraction. The county will
continue to implement the CIDP so that we can realise our vision which is ‘To be a cohesive and
Prosperous county of choice’’.
Marsabit County Budget Review and Outlook Paper, 2014
18