| dc.description.abstract | Preparation of the 2022 Kilifi County Budget Review Outlook Paper (CBROP) takes place at a time of global economic recession due to the Ukraine-Russia war as well as the slowed down post COVID 19 pandemic recovery that have led to disrupted supply chains, global hyperinflation that has resulted in increased fuel and oil prices; resulting into decreased financial space at the household, macro and global levels. The global economic growth rate projection has slowed down to 3.2% from 6.1% in 2021. In light of this, Kenya’s economy is projected to grow by 5.5% in 2022, attributable to resilient post pandemic recovery strategies as well as various economic stimulus programmes rolled out. In Kilifi County, the fiscal performance in the FY2021/22 was satisfactory, with the county’s average budget absorption of 85%. The cumulative expenditures for the County stood at Ksh. 13,545,901,082, against a total budget of Ksh. 15,952,827,550.
The revenue performance was average with a cumulative own source revenue collection of Ksh. 843,787,223 against a target of Ksh. 1,118,754,087. | en |
