THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Budget Review and Emerging Taxes Issues
Date: 6th – 7th April 2017
Venue: Merica Hotel – Nakuru
Theme: Consolidating Economic Gains in An Environment of Subdued Global Demand
The 2017 Budget Policy Statement (BPS) is prepared against a backdrop of slow global economic growth owing to a more subdued outlook for advanced economies. However, the Kenyan economy remains resilient registering strong economic growth of 6.0 percent in 2016 compared to the average growth of 3.4 percent for Sub Saharan Africa and 3.2 percent for global economy. Further, our macroeconomic performance remains broadly stable with overall inflation within target, Kenya Shilling exchange rate to the US dollar remaining stable and low short term interest rates, a reflection of ample liquidity in the money market.