THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Public Finance Management (PFM)
Theme: Challenges for Fiscal Year 2020-2021 and way forward
Date: 17th July 2020
Time: 16:00 – 17:00 Hours
The Fiscal Year 2020-21 commences against a backdrop of an expected global economic recession occasioned by COVID-19 pandemic. According to the IMF, the global economy is projected to experience negative growth rate of 3% in 2020.
Kenya is not spared either. Domestically, the National Treasury projects the economy to grow at a lower rate of 2.5% in 2020 down from the 5.4% growth recorded in 2019. This contraction is attributed to the impact of Covid-19 and attendant containment measures including ban on domestic and international travel, cessation of movement in some counties, ban on social gatherings among many others that have in a major way disrupted livelihood, businesses and the local value chain.
From a Public Finance perspective, focus going forward will dovetail around stimulating business through incentives such as those announced in the 8-point Post-Covid Recovery Strategy announced by the President. These strategies will be implemented with a focus on boosting revenue generation, supporting Micro Small and Medium Enterprises and creating job opportunities towards faster economic rebound.
This webinar will discuss one of the most important topics in the minds of most accountants, which is the challenges for Fiscal Year 2020/21 and way forward. It will explore:
- Challenges that are bound to face both government and the business community
- Steps that can be taken to mitigate these challenges
- Recommendations aimed at ensuring effective service delivery by government and maximisation of shareholder wealth for businesses.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 1 CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 1,000.
Charges will cater for online video access fees, learning materials, and e-certificates of attendance
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/
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 +254 733 856 262/ 727 531006 or via email to email@example.com.
We encourage members to regularly visit our website https://www.icpak.com/event-registration/ for updates.