Migori County Budget Review and Outlook Paper 2020/2021

Abstract

The 2021 Budget Review and Outlook Paper has been prepared in accordance with the Public Finance Management (PFM) Act, 2012 and its Regulations. The document provides actual fiscal performance for the FY 2020/21, macro-economic projections and the sector ceilings for the FY 2022/23 and the medium-term budget. This document provides an overview of how the actual performance of the FY 2020/21 affected our compliance with the fiscal responsibility principles and the financial objectives spelt out in the PFM Act as well as information showing changes from the projections outlined in the 2021 Budget Policy Statement. The fiscal performance of the FY 2020/2021 budget was below target on account of revenue shortfalls and rising expenditure pressures. In particular, the revenue shortfalls in the first and second quarter of the FY 2020/21 was largely due to the effects of Covid-19 Pandemic. Thus, total revenue collection including own source revenue totalled to Ksh 8.59 billion against the revised target of Ksh9.15 billion. On the other hand, total expenditure was Ksh 7.3 billion falling short of the target by Ksh 1.8 billion, mainly due to the lower absorptions recorded in both the recurrent and development expenditures by the County Government