Budget Execution and Managing Fiscal Space

INTRODUCTION

Fiscal space is the flexibility of a government in its spending choices, and, more generally, to the financial well-being of a government .It can also be defined “as room in a government’s budget that allows it to provide resources for a desired purpose without jeopardizing the sustainability of its financial position or the stability of the economy”.

DURATION

5 Days

TARGET AUDIENCE

v  Finance Directors,

v  Finance Managers

v  Administrators

v  Project officers

v  Budget Accountants

v  Auditors

v  Chief Accountants

v  Credit Controllers

OBJECTIVES

At the end of this training seminar, you will learn to:

v  Understand Fiscal (Space) Baseline and Elements – conducive economic conditions (fiscal frameworks), efficiency in spending, loans, grants, reprioritization

v  Understand the Underlying conceptual and operational principles of public choice including prioritization, political economy, PFM, budgeting, and public-private mix

v  To understand Basic Principles and Operational Aspects of Taxation/Revenue Generation

v  To understand Good Global Fiscal Practices

COURSE OUTLINE

v  Introduction

Desperately seeking fiscal space

•          Fiscal trends in OECD countries 2007-2013
•          The changing notion of fiscal space
•          Managing fiscal space during the great recession
•          emerging challenges for fiscal policy and budgeting

  The continuing scarcity of fiscal space

•          Can current practices on budgeting deliver?
•          Incrementalist responses

Fiscal space beyond conventional expenditure management

•          Expanding the scope of fiscal space generation
•          Tax expenditures
•          Public-private partnerships (PPPs)
•          Zero-based budgeting (ZBB)
•          Cost containment programs
•          Permanent legislation

Analytical and institutional challenges

•          Analytical challenges
•          Operational adjustments
•          Institutional rebalancing

Conclusions

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

TRAINING VENUE, LOGISTICS AND PAYMENT

v  Training is residential and will be held at Afriex Training Centre.

v  The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

v  Accommodation and airport transfer are arranged upon request by the participant.

v  This training can also be tailor made for your institution upon request. You can have it delivered in our training Centre or at a convenient location.

v  For further inquiries, please contact us on [email protected]

v  Payment should be made to Afriex Training Limited bank account before the start of the training and receipts sent to [email protected]

v  Upon successful completion of this training, participants will be issued with an Afriex Training Ltd certificate.