Kwale County Budget Review And Outlook Paper 2020

Publisher Council of Governors (CoG)
Year of Publication 2021
County Kwale

The preparation of the County Budget Review and Outlook Paper(C-BROP) is the responsibility of the County Treasury in the Executive arm of the County Government. It gives me much pleasure to present this 2020 C-BROP as part of our commitment to comply with Articles 35 and 201 of the Kenyan Constitution 2010.This 2020 C-BROP is prepared in fulfillment of the provisions of section 118 of the Public Finance Management Act (PFMA) 2012.This report is prepared at a time when the world is experiencing economic damage arising from the negative impact of the Covid-19 global pandemic. Prior to the corona virus disease, world economists had predicted that the global economy would grow by 3.0 per cent. However, with the emergence of covid-19 and its consequent widespread restrictions to curb its spread, the forecast will reduce to 2.4 per cent and even further depending on how long the effects of the pandemic will last. Gross Domestic Product (GDP) growth for the Kenyan economy in 2020 is expected to decline from an earlier estimate of 6.4 per cent to 3.4 per cent. The other effects onthe macroeconomic variables include the depreciation of the Kenyan Shilling, increased inflationary pressure and decline on the domestic financial markets as investors exit the market. Kwale Countys economy operates within the global and domestic economies. Thus the county economy continues to face its share of the challenges arising out of the Covid-19 restrictions which have in effect affected our fiscal performance for the financial year (FY) 2019/2020.The primary purpose of preparing this 2020 C-BROP is to review the fiscal performance of the FY 2019/2020 budget. This coupled with the review of recent economic developments and updated macroeconomic outlook and fiscal projections made will give the basis for preparation of supplementary estimates for FY 2020/2021 and the focus for FY 2021/2022 budget and the medium term.Implementation of the of the FY 2019/2020 budget commenced in the second quarter of the financial year on a very slow pace owing to delays in the release of funds from the National Treasury and late procurement processes due to systems challenges. With the emergence of the Covid-19 global pandemic in the third quarter of the financial year, implementation of development projects came to a standstill due to the imposed restrictions aimed at curbing the spread of the coronas virus. Due to the socio-economic challenges brought by the coronavirus, fiscal measures were undertaken with a bid to cushion the citizens including small scale traders

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