Kisii County Budget Review and Outlook Paper 2020/2021

Abstract

The Kisii County Budget Review and Outlook Paper 2020 has been prepared in accordance with the Public Finance Management (PFM) Act, 2012 and its provisions, detailing actual fiscal performance for the Financial Year 2020/2021, economic development on macro-economic indicators and the indicative ceilings for the FY 2022/2023 Medium Term Budget. The Paper explicitly indicates how the actual performance of the FY 2020/21 complied with fiscal responsibility principles and financial objectives as spelt out in the PFM Act Section 107 and the Kisii County Fiscal Strategy Paper 2020. The actual revenues received in the Financial Year 2020/2021 was KShs. 10.3Billion against targeted of 12.7Billion. The total expenditure for the County as at the end of June 2021 was KShs 9.8 Billion against the receipt of KShs 10.3 Billion representing an overall absorption rate of 95 percent.