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TABLE OF CONTENTS        ii

LIST OF FABLES        ii

FOREWORD        ii

ACKNOWLKDGEMENTS        ii

ABBREVIATIONS AND ACRONYMS        ii

CHAPTER ONE        2

1        LEGAL FRAMEWORK AND OBJECTIVES FOR CBROP        2

CHAPTER TWO        2

2        REVIEW OF FISCAL PERFORMONCE I0 2013/14        2

2.1        OVERVIEW        2

2.1.1        2013/14 Fiscal Performance        2

2.1.2        Overall balanbe and financing        2

2.2        Implication of 2013/14 Fiscal Performance        2

CHAPTER THREE        2

3        RECENT ECONOMIC DEVELTPMENES AND OUTLOOK        2

3.1        Macroeconomic outlook        2

3...1        Growth Prospects        2

3.2        Implementation of 2014/2015 Budget        2

3.3        Medium Term Fiscal Framework        2

3.4        Fiscal Risks to the Outlook        2

3.5        Summary of Sectoral Priorities        2

4        RESOURCE ALLOCATION FRAMEWORK        2

4.1        Adjustment to 2014/15 Budget        2

4.2        Medium-Term Expenditure Framework        2

4.3        2015/16 Budget framework        2

433.1        Overall Deficit and Financing        2

CHTPTER FIVE        2

5        CONCLUSION AND WAY FORWARD        2

ANNEXES        2