Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation

The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming from a slowdown in revenue collection, a g...

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Main Author:	World Bank Group
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	FISCAL TRENDS MACROECONOMIC POLICY PUBLIC DEBT REVENUE MOBILIZATION PUBLIC EXPENDITURE NATIONAL PRIORITIES FISCAL POLICY
Online Access:	http://documents.worldbank.org/curated/en/466691563357796716/Kenya-Public-Expenditure-Analysis-2019-Creating-Fiscal-Space-to-Deliver-the-Big-Four-while-Undertaking-a-Needed-Fiscal-Consolidation http://hdl.handle.net/10986/32252

id	okr-10986-32252
recordtype	oai_dc
spelling	okr-10986-322522021-05-25T09:27:03Z Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation World Bank Group FISCAL TRENDS MACROECONOMIC POLICY PUBLIC DEBT REVENUE MOBILIZATION PUBLIC EXPENDITURE NATIONAL PRIORITIES FISCAL POLICY The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming from a slowdown in revenue collection, a growing demand for transfers to county governments, and the need to fund the big four agenda. These issues raise the probability for fiscal slippages, requiring adequate mitigation to safeguard macroeconomic stability. This report provides an overview of the challenges in revenue mobilization, the size and composition of the national government expenditures, and the efficiency of this spending over the last five years. The analysis identifies options for supporting ongoing fiscal consolidation and creating fiscal space for the big four and broad public services delivery. There are three key messages: first, Kenya’s tax revenue as a share of gross domestic product (GDP) has decreased and decoupled from the growth in the economy, suggesting some important constraints to enhancing revenue collection. Second, government spending is allocated well (to infrastructure and human capital) but there is scope to improve outcomes from the use of these resources. Third, ensuring efficiency and effectiveness of public spending is critical given tight fiscal space and the expenditure needs under the big four. 2019-08-15T18:45:48Z 2019-08-15T18:45:48Z 2019-06 Report http://documents.worldbank.org/curated/en/466691563357796716/Kenya-Public-Expenditure-Analysis-2019-Creating-Fiscal-Space-to-Deliver-the-Big-Four-while-Undertaking-a-Needed-Fiscal-Consolidation http://hdl.handle.net/10986/32252 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Africa Kenya
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FISCAL TRENDS MACROECONOMIC POLICY PUBLIC DEBT REVENUE MOBILIZATION PUBLIC EXPENDITURE NATIONAL PRIORITIES FISCAL POLICY
spellingShingle	FISCAL TRENDS MACROECONOMIC POLICY PUBLIC DEBT REVENUE MOBILIZATION PUBLIC EXPENDITURE NATIONAL PRIORITIES FISCAL POLICY World Bank Group Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation
geographic_facet	Africa Kenya
description	The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming from a slowdown in revenue collection, a growing demand for transfers to county governments, and the need to fund the big four agenda. These issues raise the probability for fiscal slippages, requiring adequate mitigation to safeguard macroeconomic stability. This report provides an overview of the challenges in revenue mobilization, the size and composition of the national government expenditures, and the efficiency of this spending over the last five years. The analysis identifies options for supporting ongoing fiscal consolidation and creating fiscal space for the big four and broad public services delivery. There are three key messages: first, Kenya’s tax revenue as a share of gross domestic product (GDP) has decreased and decoupled from the growth in the economy, suggesting some important constraints to enhancing revenue collection. Second, government spending is allocated well (to infrastructure and human capital) but there is scope to improve outcomes from the use of these resources. Third, ensuring efficiency and effectiveness of public spending is critical given tight fiscal space and the expenditure needs under the big four.
format	Report
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation
title_short	Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation
title_full	Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation
title_fullStr	Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation
title_full_unstemmed	Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation
title_sort	kenya public expenditure analysis 2019 : creating fiscal space to deliver the big four while undertaking a needed fiscal consolidation
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/466691563357796716/Kenya-Public-Expenditure-Analysis-2019-Creating-Fiscal-Space-to-Deliver-the-Big-Four-while-Undertaking-a-Needed-Fiscal-Consolidation http://hdl.handle.net/10986/32252
_version_	1764476160152961024

Kenya Public Expenditure Analysis 2019 : Creating Fiscal Space to Deliver the Big Four while Undertaking a Needed Fiscal Consolidation

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