THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Budget Expenditure Priorities- COB and OAG
Date: 29th – 30th June 2022
Venue: Virtual
Time: 09.00am-03.30pm
OVERVIEW
As financial resources of projects become constrained as a result of multiple demands by the various project objectives, the need for critical budget preparations and compilation has become very important. Budgets are prepared for many different purposes and the period of future forecasting varies, but most projects budget are prepared annually with the input from the various project activity areas to estimate their proposed expenditure for the period and for the appropriate subvention and allocation of funds earmarked for the projects.
A full understanding of the budget planning and preparation process is crucial not only to derive expenditure projections and pivotal priority areas but also to advice policy makers on feasibility of specific budgetary proposals from a macro or micro economic approach. This also creates and emphasis on the importance of controlling government expenditure at the upstream budget preparation level other than the implementation and execution level.
Those preparing the budget need to prepare and analyze options. Budget execution has traditionally been seen as ensuring that spending is carried out according to the budget approved by the parliament. Budget expenditure priorities have a major influence on formulation of public policies. This reflects a decision on the extent of the government’s commitment in provision of a broad range of public services, amenities and also foster economic growth. Majority of the expenditure items in our case rely heavily on taxes and public debt for financing hence this influences the overall long term tax regimes.
Join us to learn more and have candid discussion on the budget expenditure priorities items, cross cutting effects on the various functions and sectors of the economy and provide a clear image on the government’s key priorities against the public diverse views.
The following key areas will form the basis of discussion:-
- Understanding Budgets in the Public Sector
- Functions of the Budget Process
- Principles & Budget Cycle
- Budget preparation, execution and alterations
- Weaknesses of budget preparation process
- Responsibilities and mandates within the budget system
- Key expenditure priorities and Comparative global look at expenditure priorities for economic recovery
- Cash Planning and Management
- Policy priorities and roadmap to economic recovery
- Fiscal framework & policies
- Public debt management, Governance and fight against graft.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.
