Isiolo County Fiscal Strategy Paper 2021

Abstract

The 2021 County Fiscal Strategy Paper (CFSP) is prepared against a background of a contracting Kenyan economy occasioned by the outbreak and rapid spread of the Covid-19 Pandemic. The Pandemic and the ensuing containment measures have devastated the economy disrupting businesses and livelihoods. On the domestic scene, the County has not been spared of the negative impact of the Pandemic coupled up with the 2013-17 Pending Bills payables. The Pandemic and the resultant containment measures have adversely affected businesses and economic activities. As a result, our Local revenue has declined sharply due to effects of the pandemic. Over the first half of the financial year (FY) we have only managed 38% of the projected estimates largely due to significant contractions in the tourism revenue stream which is the main source. Consequently, revenue growth is projected to bounce back in the fourth quarter of FY 2020/2021 and FY 2021/2022.