The objective of the 2019 County Budget Review and Outlook Paper is to provide a review of the fiscal performance in the financial year 2018/2019 and how this impacts the financial objectives and fiscal responsibility principles. This together with updated macroeconomic outlook provides a basis for the revision of the budget in the context of Supplementary Estimates for FY 2019/2020 and the broad fiscal parameters underpinning the FY 2020/2021 budget and the medium term. Details of the fiscal framework and priorities will be firmed up in the County Fiscal Strategy Paper (CFSP) 2020.
The document further provides indicative sector ceilings for the FY 2020/2021 and the Medium Term and this sets in motion the budget preparation for the FY 2020/2021 and the Medium Term. The Sector ceilings are based on the projected resource envelope and will be firmed up in the CFSP 2020.