Upload
blake-freeman
View
220
Download
0
Embed Size (px)
DESCRIPTION
1/15/2016 National Government Sources of Revenue( Article 209)
Citation preview
Credibility. Professionalism . AccountAbility
Presentation on Resource Mobilization for Government Projects
Presentation at ICPAK PFM Conference at Sarova White Sands, Mombasa.
CPA Fredrick Riaga-ICPAK
1. Introduction External sources can never replace basic funds of the national
treasure;
With regard to the national treasure institutions need to: promote the institution’s reputation at national level
Credibility . Professionalism . AccountAbility
05/03/23
National Government Sources of Revenue( Article 209)
05/03/23
County Government Sources of Revenue(Article 209)
HOW THE BUDGET 2014/15 IS SHARED
Credibility . Professionalism . AccountAbility
Comparative: Former LA Revenue Streams
Credibility . Professionalism . AccountAbility
05/03/23
Revenue Analysis- National Government
Revenue Analysis- County Government
The total budgets for the County Governments in FY 2013/14 is estimated to be Kshs.269.1 billion comprising of Kshs.165.8 billion (61.6%) for recurrent expenditure and 103.4 billion (38.4%) for development expenditure;
During the period July 2013 to March 2014, the total revenue available to the Counties amounted to Kshs.133.3 billion comprising of:
1. Kshs.110.1 billion (82.6%) from the national shareable revenue,2. Kshs. 19.1 billion (14.3%) raised from local revenue sources3. Kshs. 4.2 billion (3.1%) as balance brought forward from FY 2012/13
Credibility . Professionalism . AccountAbility
Credibility . Professionalism . AccountAbility
THE CASE OF RWANDA
The 1994 resulted to loss of human lives & virtual destruction of the already weak economy & socio-economic institutions;
The economy rapidly rebounded - growing by about 80% between 1994 and 1998;
2003- 2.9%; , 2005/06- 9% ; 2007- dropped to 7.7% ; & 2008-11.6%.
Politico-economy factors affecting resource mobilization1. High defense budget;2. Overreliance on donor support;3. Need to support the ambitious Rwanda Vision 2020
Tax reforms-1. Tax compliance at 97%;2. 90% of revenue collected by banks;
Credibility . Professionalism . AccountAbility
TRENDS IN RWANDA’S DEVELOPMRNT FINANCING
Credibility . Professionalism . AccountAbility
NATIONAL GOVERNMENT- RECOMMENDATIONS
1. Need to expansion of the tax base and sealing of loopholes in Tax administration- VAT Act 2013; reform of Income Tax Act planned; Tax Procedures Bill 2014 & Excise Duty Bill 2014;
2. Private capital key in resourcing3. Borrowing from the domestic market- Treasury Bills and
bonds:4. Shift from traditional sources of external funding: West to
the East?5. Efforts must be put in place to strengthen the legal &
institutional framework, PFM reforms to support resource mobilization strategies;
Credibility . Professionalism . AccountAbility
COUNTY GOVERNMENT- RECOMMENDATIONS
1. Invest in ICT & cross-institutional engagements to realize maximum impact;
2. Leverage on domestic tourism as a source of revenue;3. Maximize on business licences;4. Create a favorable environment to support entrepreneurship & attract
investment through reforms of business regulatory frameworks;
Credibility . Professionalism . AccountAbility
Thank You
Credibility . Professionalism . AccountAbility