Budget Implementation Review Report Half Year 2011/2012

Publisher	Controller of Budget, Kenya
Year of Publication	2012
Category	Report Budget & Fiscal Plans
County	All/General
Description	The total revenue target for fiscal year 2011/12 is Ksh.789.5 billion (or 24.7% of GDP) comprising of Ksh.713.6 billion of ordinary revenue and Ksh.75.9 billion of Appropriations in Aid (AIA). Revenue collected during the first half of the financial year under review stood at Ksh. 338 billion. The revenue collected over the period was below the target of Ksh. 351.8 billion expected to be collected. This development shows clearly the challenges of implementing the 2011/12 Budget in the first half of the financial year. The recurrent and development expenditures for FY 2011/12 for all the sectors were estimated at Ksh.552.9 billion and Ksh. 398.6 billion respectively. The MDAs received Ksh. 239.9 billion and Ksh. 90.0 billion for recurrent and development expenditures respectively for the period July to December 2011. For the same period the MDAs spent Ksh. 231.9 billion for recurrent budget and Ksh. 70.2 billion for development activities. In conclusion, there has been a significant shortfall in revenue collection due to the economic growth challenges. The Ministry of Finance and the Office of Controller of Budget have worked in partnership with MDAs to ensure that the priority areas receive funding in time. On average the utilization of development funds by MDAs remains below expectation, a challenge that Office of Controller of Budget needs to be addressed
Tags	Public Finance
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