BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//ICPAK - ECPv6.5.0//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://www.icpak.com
X-WR-CALDESC:Events for ICPAK
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/Moscow
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0300
TZNAME:MSK
DTSTART:20260101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Moscow:20260612T090000
DTEND;TZID=Europe/Moscow:20260612T153000
DTSTAMP:20260614T003446
CREATED:20260412T191609Z
LAST-MODIFIED:20260612T084322Z
UID:10003428-1781254800-1781278200@www.icpak.com
SUMMARY:Budget Review and Analysis Seminar (virtual option)
DESCRIPTION:THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA\n(Established under the Accountants Act\, Laws of Kenya) \nBudget Review & Analysis Seminar (virtual option)\nDate: 12th June 2026\nTime: 09.00-11.30am\nVenue: Zoom \nOverview \nThe national budget serves as a strategic blueprint outlining the Government’s revenue projections and expenditure plans for the fiscal year\, and remains a critical instrument for economic management\, resource allocation\, and policy prioritization. The FY2025/26 Budget has been formulated against a backdrop of persistent domestic and global economic challenges\, including inflationary pressures\, elevated debt-servicing costs\, and constrained fiscal space\, alongside emerging macroeconomic opportunities. \nThe 2026/27 budget is structured around key economic and social sectors that drive national development\, with allocations reflecting government priorities under the Bottom-Up Economic Transformation Agenda (BETA). \nThe National Treasury has proposed Kshs 4.78 trillion budget for FY 2026/27\, equivalent to 23% of GDP. This comprises recurrent expenditure of Kshs. 3\,538.7 billion\, development expenditure of Kshs. 749.0 billion and transfers to county governments of 495.7 Billion. \nAccording to the Budget Policy Statement 2026\, the fiscal deficit including grants is expected to reach Kshs 1\,115.8 billion (5.3% of GDP) in FY 2026/27\, from the projected deficit of KSh 1\,140.7 billion (6.0% of GDP) in FY 2025/26. This will be financed through net external borrowing amounting to KSh 225.5 billion (1.1% of GDP) and net domestic financing of KSh 890.4 billion (4.2% of GDP). \nThe proposed expenditure is distributed across three broad segments of government spending\, with the national government sector (Executive\, Parliament and Judiciary) receiving Kshs 2.817 trillion. Education remains the largest sectoral allocation\, increasing from Kshs. 754.9 billion in 2025/26 to Kshs.  780 billion in 2026/27\, representing a moderate 4%. Infrastructure development\, particularly through the Ministry of Roads and Transport\, follows closely with an allocation of KSh 312 billion. This highlights sustained investment in connectivity and logistics as key enablers of economic growth. \nThe health sector also records a significant expansion\, with the State Department for Medical Services increasing from KSh 105.95 billion in 2025/26 to KSh 132.97 billion in 2026/27\, representing a 25.5% increase. This growth is largely driven by expanded investments in national referral services\, health products and technologies\, and social protection in health. \nRecent economic data indicates that Kenya’s economy expanded by 4.9% year-on-year in Q3 2025\, driven largely by resilience in the agriculture and construction sectors. This growth has been achieved despite significant public debt repayment obligations and ongoing fiscal consolidation efforts. \nNotwithstanding the growth momentum\, the economy continues to face structural challenges\, including underperforming revenue collection\, high public debt levels\, and persistent cost-of-living pressures. Revenue targets have\, in recent years\, fallen short of projections\, while interest payments continue to consume an increasing share of tax revenues—highlighting ongoing public finance management constraints. \nIt is against this evolving economic landscape that ICPAK convenes the Budget Review & Analysis Seminar – Current State of Affairs\, aimed at providing a timely and in-depth analysis of the country’s fiscal position\, budget implementation realities\, and the implications of recent policy and legislative changes on taxation\, public financial management\, and overall economic performance. \nThe seminar will address the following key thematic areas: \n\nMacroeconomic Performance & Outlook: Economic growth\, inflation trends\, employment\, and sectoral performance.\nRevenue Mobilization & Tax Policy Changes: Recent developments in tax policy\, administration\, and compliance strategies.\nFiscal Framework\, Budget highlights and Public Expenditure Priorities: Analysis of budgetary allocations to key sectors\, including education\, health\, infrastructure\, counties\, and social protection.\nPublic Debt Dynamics & Fiscal Sustainability: Trends in debt servicing\, debt-to-GDP ratio\, and emerging fiscal risks.\nBudget Implementation Challenges: Revenue underperformance\, execution bottlenecks\, pending bills\, accountability and governance issues.\nImplications for Professionals & Businesses: Strategic insights for accountants\, tax practitioners\, CFOs\, and financial managers.\nFuture Budget & Policy Outlook: Emerging trends and possible scenarios for FY2026/27 and beyond.\n\nTarget Audience \nAudit and tax practitioners\, Personnel handling tax issues in organizations\, Representatives from KRA\, Taxpayers’ association(s)\, Accountants\, Finance Professionals\, Auditors\, Chief Finance officers\, Academia. \nContinuous Professional Development Units (CPD Units): \nMembers of ICPAK and reciprocating professional bodies will be awarded 5 CPD Units upon successfully attending the session. \nCost: \n\n\n\nCategory\nPhysical\nVirtual\n\n\nAssociates\n Kes.5\,500.00 – per delegate\nKes. 5\,000.00 – per delegate\n\n\nMembers\n  Kes.5\,500.00 – per delegate\n Kes. 5\,000.00 – per delegate\n\n\nNon-members\n  Kes.5\,500.00 per delegate\n Kes.5\,000.00 – per delegate\n\n\n\nOnline Booking: \nWe call on Seminar participants to note that booking 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.   This 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. \nNational Industrial Training Authority (NITA) Reimbursement: \nThe Institute is registered as a trainer with the 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) \nFurther requests can be channeled to us via telephone calls on +254 719 074 000\, or via email to marketing@icpak.com
URL:https://www.icpak.com/event/budget-review-and-analysis-seminar-virtual-option/
LOCATION:Virtual Delivery
CATEGORIES:Local Seminars,Virtual Symposiums
END:VEVENT
END:VCALENDAR