Mombasa City County Budget Review and Outlook Paper 2023

Abstract

The Mombasa County Budget Review and Outlook Paper (CBROP) 2023, the first to be prepared under the new Administration, of the Kenya Kwanza Government, is based on the framework of Bottom-up Economic Transformation Agenda (BETA). It sets out the Administration’s priority programs, policies and reforms to be implemented in the Medium-Term Expenditure Framework (MTEF). The priority programmes and policies under BETA are detailed in the Fourth Medium-Term Plan for the period 2023-2027 which is anchored on Kenya Vision 2030 that will prioritize implementation of economic recovery strategies of the new Administration to reposition the economy on a steady, inclusive and sustainable growth trajectory. The Mombasa 2023 CBROP is mirroring the National Government’s Budget Review and Outlook Paper 2023, and has been prepared against a backdrop of continued global uncertainties, reflecting high but easing inflationary pressures, weak global growth outlook, heightened geopolitical tensions particularly the conflict in Ukraine, concerns about financial sector stability in advanced economies, and increased food insecurity due to climate-related shocks. Global growth is projected to slow down to 3.0 percent in 2023 and 2024 from 3.5 percent in 2022, reflecting the impact of the tightening of monetary policy and escalation of geopolitical tensions particularly the ongoing war in Ukraine.