Isiolo County Programme Based Budget 2023/2024

Abstract

The 2023/24 Budget estimates affirms the County government’s ability to balance its budget despite the meager allocations from the National Government. The total revenue estimate for fiscal year 2022/23 is KES 5,333,489,886. These include KES 271,208,180 from local revenue sources and KES 5,062,281,706 from external sources. External sources includes equitable share of revenue from National Government amounted to KES 4,899,041,209 and KES 163,240,497 conditional allocation from development partners. The Recurrent Expenditure Estimates amounts to KES 3,754,872,578 while development expenditure estimates amounts to KES 1,578,617,308. The development expenditure represents 30 percent of the total County expenditure for the financial year 2023/24 approved budget. Maintaining a Balanced Budget The 2023/24 Budget estimates affirm to the county government’s ability to balance its budget despite the low allocations from the National Government. The main risk to the county government’s fiscal plan includes untimely disbursements by National Treasury; and Unreliable and unpredictable local revenue collection targets. To mitigate on these risks, the County Treasury will adopt a conservative approach when projecting expected revenues; Initiating a debate on rationalization of County wages to reduce redundancies and enhance employee productivity through implementation of performance management in the county public service. In summary, the 2023/24 budget estimate is prepared against the backdrop of the following: maintaining the County Government commitments to balanced budget; Investment in improvement of Access, Quality and Affordable Services to the people of Isiolo, creation of conducive environment for investors and public private partnerships for implementation of major capital projects.