County Government of Bungoma

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County Government of Bungoma (2021-09)
  • County Government of Bungoma
  • Year : Sep 2021
3 Tokens
USD 300.00
Summary

Bungoma’s OSR grew from around KES485m in FY14/15 to KES675m in FY18/19, and further to KES860m in FY19/20 despite the Covid-19 pandemic. Bungoma benefits from significant amounts of Appropriation in Aid due to the number of National Government staff deployed in the County (FY19/20: KES478m). The County’s reliance on Exchequer releases and grants (FY19/20: 91.6%, FY18/19: 93.7%) is at the national average of about 91.3%. Positively, the realisation of OSR in relation to budget has consistently outperformed the national average, with the County exceeding its targets in FY18/19 by 4.7%.

Additional Information

The Stable Outlook reflects GCR’s view that Bungoma will continue to report increasing levels of OSR and better expense management, which should increase the resources available for development expenditure. Positive rating action could arise if the demonstrates improved expenditure management, including reducing the wage bill below 35% of total expenditure, strengthens the implementation of development projects, improves the scale and diversity of OSR and achieves unqualified audit outcomes.

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