THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Regional Budget Review Seminar – Mombasa
Date: 14th June, 2019
Time: 8:30 am – 2:00 pm
Venue: CityBlue Creekside Hotel & Suites, Mombasa
The budget review seminar is an annual forum convened by the Institute of Certified Public Accountants of Kenya with the goal of assessing the national budget adopted by government. The review focuses on government’s expenditure priorities, revenue forecasts and their implications on tax and economic growth among other related issues. The 2019/2020 budget is pivotal as it will influence the success or failure of the administration in achieving its agenda.
The budget estimates projects government expenditure at 2.76 trillion, a notable decrease from the previous fiscal year’s budgeted expenditure. It ambitiously forecasts total revenue for 2019/2020 including Appropriations in Aid at Ksh 2.08 trillion up from Ksh 1.83 trillion projected in financial year 2018/19. This is likely to translate to tighter measures by tax authorities in pursuit of meeting this revenue target as well as increased domestic and external borrowing.
The Kenyan economy recorded an actual economic growth rate of 6.3 per cent in 2018 with the projected growth for 2019/2020 fiscal year being 6.4%. The government will seek to meet this projection by supporting critical sectors such as agriculture. Other major beneficiaries of the budget include the education and national security sectors. Of key interest in reviewing this year’s resource allocation are the pillars of the Big Four Agenda as they demarcate the government’s quantified priorities.
The forum will be structured to cover the following areas:
- Macroeconomic Outlook FY 2019-2020
- Budget Implementation Gaps – The journey towards fiscal prudence (A critical look at specific county Controller and Auditor General reports)
- Tax implications of the Fiscal Budget FY 2019/2020
- Role of Tax Appeals Tribunal (TAT) in tax policy and administration in Kenya
- Expenditure priorities FY 2019-20: Are we on track with the Big Four Agenda?
- Division of revenue between national and county governments
Audit and tax practitioners, Personnel handling tax issues in organizations, Representatives from KRA, Tax payers’ association(s), Accountants, Finance Professionals, Chief Finance officers, Academia
Kindly note that booking is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone based application that is available from Google store. Delegates are advised to book early for planning purposes.
Charges for this forum are as provided below:
Continuous Professional Development (CPD) Units
Members of ICPAK will earn 7 CPD points upon successful attendance. Enquiries may be directed to us via telephone on +254 732 352476 or via email to email@example.com.