West Pokot County Budget Review and Outlook Paper 2022
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Publication Date
2022Author
Type
Budgetviews
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County Government of West Pokot
Abstract/ Overview
This report has been prepared in line with Section 118 of The Public Finance Management Act, 2012 which requires every County Government to prepare and submit a County Budget Review and Outlook Paper (CBROP) to the County Assembly. The Kenyan economy demonstrated remarkable resilience and recovery to the COVID-19 shock due to the diversified nature of the economy and the proactive measures by the Government to support businesses. The economy expanded by 7.5 percent in 2021, a much stronger level from a contraction of 0.3 percent in 2020. This economic recovery was mainly supported by the recovery in the service and industry sectors despite the subdued performance in the agricultural sector. Growth is expected to remain resilient growing by 5.8 percent in FY 2022/23 and averaging 6.2 percent over the medium term. This will be supported by a broad-based private sector growth, including recoveries in agriculture. This outlook will be reinforced by the ongoing implementation of the strategic priorities under the “Big Four” Agenda and the Economic Recovery Strategy. The overall total projected revenue for FY 2021/2022 was estimated at Kshs. 7.671 Billion. In the period under review, the Controller of Budget approved withdrawals amounting to Kshs.6.629 Billion from the County Revenue Fund Account.
Subject/ Keywords
Fiscal Performance; Revenue Performance; Development Expenditure; Economic Performance; Foreign Exchange Reserves
Publisher
County Government of West PokotSeries
CBROP;2022Collections
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