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”.

In the course of the prolonged economic crisis that started in 2008 fiscal space has become a scarce commodity in OECD countries. In response to strong external pressures, many European countries have embarked on tough austerity programs, some of them under EC-IMF-ICB surveillance. Fiscal consolidation in these countries may extend well beyond the current emergency, as debt service obligations reach new heights and the pressure of demographic transition over pensions and health spending continues to build up. Countries that have so far postponed fiscal adjustment, like the US and Japan, may need to address these issues if market or political tolerance to their fiscal imbalances dwindles in the future.

DURATION

5 Days

WHO SHOULD ATTEND?

• Finance Directors,
• Finance Managers
• Administrators
• Project officers
• Budget Accountants
• Auditors
• Chief Accountants
• Credit Controllers

COURSE LEVEL: Intermediate

COURSE OBJECTIVES

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

• Understand Fiscal (Space) Baseline and Elements – conducive economic conditions (fiscal frameworks), efficiency in spending, loans, grants, reprioritization
• Understand the Underlying conceptual and operational principles of public choice including prioritization, political economy, PFM, budgeting, and public-private mix
• To understand Basic Principles and Operational Aspects of Taxation/Revenue Generation
• To understand Good Global Fiscal Practices

TOPICS TO BE COVERED

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

Course Administration Details:

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise 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.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.

Email:[email protected]/[email protected]

Mob: +254 715 077 817/+250789621067

TAILOR- MADE

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817/+250789621067

Mob: +254 792516000, +254 792516010 , +250789621067or mail [email protected]/[email protected]

PAYMENT

Payment should be transferred to IRES account through bank on or before start of the course.

Send proof of payment to [email protected]/[email protected]

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