Vihiga County Budget Review and Outlook Paper 2021

Abstract

The Vihiga County Budget Review and Outlook Paper 2021 (CBROP) has been prepared pursuant to section 118 of the Public Financial Management Act, 2012.This review document focused on the fiscal year ending June 2021 compared with the previous year (2019/20). The (CBROP 2021) is prepared at a time of unprecedented worldwide pandemic COVID 19 which has led to contraction of the global economy disrupting businesses including international trade and leading to loss of livelihoods for millions of people globally. The Global economy is estimated to have contracted by 3.5 percent in 2020 from a growth of 2.8 percent in 2019. Global growth is projected to pick up to 5.5 percent in 2021 reflecting expectations of a vaccine-powered strengthening of activity and additional policy support in a few large economies.