Thu Jun 27 EAT - Fri Jun 28 EAT (over 2 years ago)
In your timezone (EDT): Thu Jun 27 1:00am - Fri Jun 28 10:00am
Oloo St, Eldoret, Kenya
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 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, Auditors, Chief Finance officers, Academia