Kirinyaga County Budget Review and Outlook Paper 2020

Abstract

This County Budget Review Outlook Paper (CBROP) is prepared in line with section 118 of the Public Finance Management Act, 2012. It reviews the actual fiscal performance of the financial year 2019/20 and makes comparisons to the budget appropriations of the same year. It presents the recent economic developments and actual fiscal performance of FY 2019/20. It further provides forecasts with sufficient information to show changes from the projections outlined in the latest County Fiscal Strategy Paper (CFSP. In reviewing the fiscal performance, this paper analyzes the performance of county own revenue in the FY 2019/20. It has included the total revenue collected and made comparison to projected revenue for the same year. The fiscal performance of the FY 2019/20 budget was below target on particularly on own source revenue shortfalls. Covid-19 pandemic and containment measures has impacted economic growth in the county leading to job losses. In Financial Year 2019/2020 Kirinyaga County had an approved budget amounting to KShs. 6,131,617,882. The County projected to collect own source revenue of Ksh. 480,000,000. During the 2019-20 Financial Year the actual Own Source Revenue collected amounted to Kshs 374,738,723. This indicates own source revenue performance of 78%. This performance indicates a drop in own source revenue by 56.22 Million (13%) from 2018-19. Development expenditure for the period under review amounted to Kshs. 1,132,664,258 (62% of Development Budget) while recurrent expenditure for 2019/20 FY amounted to KShs. 3,900,400,926 (91% of recurrent budget).