Isiolo County Budget Review and Outlook Paper 2023

Abstract

The 2023 Isiolo County Budget Review and Outlook Paper (CBROP) is the first to be prepared by Isiolo County Third Regime Administration. 2023 CBROP is done at a time when the County Government is implementing priority programmes, policies and activities of the Third Regime Governor’s Manifesto (2023-2027) and the CIDP (2023-2027) in alignment with the Bottom-Up Economic Transformation Agenda (BETA) of the National Government for inclusive growth. The Isiolo County Third Regime Administration took office when the Country Economy was facing two major shocks that included: the conflict between Russia and Ukraine that disrupted the global trade leading to increased fuel and food prices; and a severe drought witnessed in the region and most parts of the country associated with climate change which gravely impacted on food security. Drought impact subjected millions of homesteads to severe food insecurity and loss of livestock. As a result, activities in the agriculture sector contracted by 1.6 percent in 2022. As a result of the Country interventions and improvements of the weather seasons over time, the Economy has registered a growth of 5.3 percent in quarter 1 (Q1) of 2023. This was mainly due to a strong recovery in the agricultural activities 5.8 percent from a contraction of 1.7 percent in a similar quarter in 2022. The economy expanded by 4.8 percent in 2022 and is projected to expand further by 5.5 percent in 2023 and maintain a strong momentum over the medium-term. This growth outlook will be implicated in the County Government of Isiolo and supported by, the completion of value adding flagship projects with strong performance of the services sectors. The growth outlook will be reinforced by implementation of policies and programmes under the priority sectors of the Governor’s Manifesto and BETA