Budget Implementation Review First Quarter 2012/2013

Publisher	Controller of Budget, Kenya
Year of Publication	2013
Category	Report
County	All/General
Description	This is the first Budget Implementation Review Report for the financial year 2012/2013. It outlines the performance of the Ministries, Departments and Agencies (MDAs) for the period July to September 2012. It also outlines the governments macroeconomic performance, revenue inflows, exchequer issues released and expenditure. This is aimed at informing the Parliament, the Executive and the general public in-year on budget execution as mandated by the Constitution under Article 228. Chapter two of the report briefly outlines the macroeconomic highlights under which the budget is being implemented. The Gross Domestic Product (GDP) grew by 3.3 per cent in the period March to June 2012 compared to 3.4 per cent over the same period in 2011. Kenyas overall inflation has been declining since the beginning of this year. The inflation rate for the period July to September averaged 6.4 per cent compared to 16.5 per cent in over the same period last year. The Kenya shilling strengthened against major world currencies. For instance, from March to June 2012 the exchange rate averaged Kshs 84.75 against the US dollar compared to Kshs. 94.85 during the same period last year.
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