Intergovernmental relations are approved and agreed upon by all parties and timely and adequate financial transfers are critical to the ability of sub-national governments to operate effectively and deliver public services, constitutionally assigned to them under a decentralized fiscal structure.
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Fri, Feb 11, 2022
Shaping Macro Economy in Response to COVID-19 in Kenya: A Responsible Economic Stimulus and a Stable Financial Sector
Kenya experienced overall macro stability and modest growth of 5.5% for the period 2017 to 2019. This economic performance was achieved despite fiscal health challenges owing to fast rise in stock of public debt. The onset of COVID 19 pandemic in March 2020 however subdued the economy owing to swift containment measures that were imposed to limit the spread of the pandemic. As a result, Kenya suffered its first recession in nearly two decades. Poverty levels increased and about 1.7 million people lost their jobs between March and June 2020 and workers in the services sectors, particularly women were hit hardest due to disruptions in demand and supply chain. Fiscal health of the country deteriorated further amidst rising debt distress risk, while the external sector also weakened albeit resilience in remittance receipts.
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Fri, Oct 15, 2021
Fact Sheet: Second & Third Quarter National Government Budget Performance 2020/21
This analysis highlights that the budget implementation was negatively affected during the Q2 and Q3 of 2020/21 mainly due to disruptions of economic activities as a result of the enforcement of the containment measures against COVID 19, revenues underperformed; 6.5% lower in Q3 2020/21 compared to the similar period last year. As a share of GDP, revenue declined to 13.5% by Q3 in 2020/21 and as a result of the declining revenues, Kenya faces a high overall risk of debt distress.
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Thu, Apr 15, 2021
First Quarter National Government Budget Performance 2020/21
This report uses the first quarter of 2020/21 National Treasury’s Quarterly Economic and Budgetary Review (QEBR) Reports and Office of the Controller of Budget’s Quarter Budget Implementation and Review (BIRR) Reports to assess the budget performance of by the national government of Kenya against its own targets. In addition, the brief seeks to highlight key implementation challenges and gaps and proposes corrective measures.
This fact sheet focuses on the first quarter of 2020/21 fiscal year and presents some key facts in response to the following four questions: What are the underlying macroeconomic conditions for the quarter? Is the national government budget implemented as approved and if not, what are the differences? What are the implications of this on service delivery and accountability to citizens? What factors are the causes of the national government’s inability to utilize their budgetary provisions? and What are the corrective measures towards improving budget execution?