Kakamega County Budget Review and Outlook Paper 2021/2022

Abstract

The County Budget Review and Outlook Paper 2022 has been prepared against a global background of economic slowdown occasioned by the ongoing Russia-Ukraine conflict, effects of the COVID-19 containment measures and higher-than expected inflation worldwide triggered by higher global oil and food prices. As a result, the global economy is projected to slow down to 3.2 percent in 2022 from 6.1 percent 2021. On the domestic scene, the Kenyan economy has demonstrated remarkable resilience and recovery to the COVID-19 shock due to the diversified nature of the economy and the proactive Government measures to support businesses. Consequently, the growth economy grew by 7.5 percent in 2021 following a modest 0.3 percent contraction in 2020. Kakamega County contributed 2.2 percent to the country GDP