Kisii County Budget Review and Outlook Paper 2021/2022

Abstract

The Kisii County Budget Review and Outlook Paper 2022 has been prepared in line with the provisions of the Public Finance Management (PFM) Act, 2012 and with details on the actual fiscal performance for the Financial Year 2021/2022, economic development on macro-economic indicators and the indicative ceilings for the FY 2023/2024 and Medium Term. Paper demonstrates compliance with the fiscal responsibility principles and financial objectives as spelt out in the PFM Act and the Fiscal Strategy Paper through the actual performance of the FY 2021/22. During the period under review, the County’s actual revenues stood at KShs 9.9 Billion against a target of 12.6 Billion while the total expenditure stood at KShs 9.7 Billion representing an overall absorption rate of 98 percent. In the same period, collection from Own Source Revenue (OSR) was KShs 404 Million against a target of KShs 700 Million representing a performance of 58 percent. The OSR will be improved over the medium term through a number of strategies which include; continued capacity building in OSR management and administration and the full use of automation in revenue streams among others. These strategies complimented with expenditure rationalization measures will create the necessary fiscal space for the implementation of the County strategic priorities as outlined in the CIDP (2023-2027).