Laikipia County Budget Review and Outlook Paper 2022

Abstract

The 2022 County Budget Review and Outlook Paper(C-BROP) has been prepared in line with Section 118 of the Public Finance Management Act, 2012 which requires a County Government to prepare this paper in respect of each financial year with an aim of reviewing achievements of pretargeted objectives hence ensuring effectiveness and efficiency in resource mobilization and budget implementation. This is traced through realistic allocations of County Government resources and utilization of the same to meet the needs of the people. The 2022 Budget Review and Outlook Paper (BROP) has been prepared against a background of economic slowdown occasioned by the ongoing Russia-Ukraine conflict, effects of the COVID-19 containment measures, higher-than expected inflation worldwide triggered by higher global oil and food prices and the impact of the global monetary policy that has created tighter financial condition. As a result, the global economy is projected to slow down to 3.2 percent in 2022 from 6.1 percent 2021.