Migori County Budget Review and Outlook Paper 2021

Abstract

The County Budget Review and Outlook Paper (CBROP) 2021 is prepared in accordance with the Public Financial Management Act, 2012 section 118. It is prepared against a background of projected global economic recovery despite the emergence of Covid 19 variants occasioning reintroduction of containment measures to further stem spread of the virus. The projected recovery reflects additional fiscal support in a few large economic and monetary easing that further uplifts the economic outlook. This outlook is further supported by ongoing vaccination, which is expected to pick up in the second half of 2021. The global economy is projected to grow by 6.0% in 2021, from contraction of 3.3% in 2020. In the domestic scene, Kenya has not been spared by the negative effects of the pandemic. The resultant containment measures have adversely affected businesses and economic activities. However, there has been a gradual improvement of economic activities in the third and fourth quarter of 2020 following the reopening of the economies. To this effect, the economic growth is expected to rebound to 6.6% in 2021 and will be supported by a recovery in both private consumption and investment as economies reopen and expected favourable whether to support robust agricultural production.it shall be reinforced further by the prevailing stable macro-economic environment and ongoing implementation of the strategic priorities of the government under the Big Four Agenda and Economic Recovery Strategy.