Introduction
Across the world many countries are now grappling with restoring sound and sustainable public finance management systems. This follows the realization that the way governments manage their budgets today will have profound economic effects in the years ahead. Good public financial management supports not only good governance and transparency but is also crucial for effectively delivering the services on which human and economic developments rely.
In Kenya, the Government has undertaken several initiatives to improve Public Finance Management. For instance, the Strategy for the Revitalization of Public Financial Management System in Kenya covered the period 2006-2011 and was implemented using a Sector Wide Approach. The Strategy was developed to guide reforms in the PFM sector and to build on the institutional transformation the Government was undertaking. Currently, with the implementation of devolved government system, a new dimension of public finance management has been introduced with a set of new challenges – human resource related, structural and object related. The seminar aims at educating attendants on how to effect a sustainable fiscal position, allocating resources efficiently, and delivering public goods and services effectively. The following areas will be covered:
- PFM Act Overview and Rationale for Enactment
- Stipulations of the PFM Act on Budget Preparation and Presentation
- Budget Cycle and Key Budget Documents under PFM
- Challenges for Fiscal Year 2013-2014 and way forward
- Winning Political Support in Promoting Accountability in Public Financial Management
The workshop will take place on 29th – 30th September at Green Hills Hotel, Nyeri. Charges areKshs. 7, 950 and Kshs. 9, 950 for members and non-members respectively. Members in attendance will be awarded 14 CPD Hours. Associate members will pay Kshs. 5, 950
