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Strategies for Government Projects Resource Mobilization

This presentation focuses on resource mobilization strategies for government projects, including revenue analysis, comparative revenue streams, and recommendations for national and county governments. It highlights the importance of credibility, professionalism, and accountability in financial management. The case study of Rwanda's development financing trends offers insights into tax reforms, donor reliance, and economic growth post-crisis. Recommendations include expanding tax bases, leveraging private capital, and strengthening PFM frameworks.

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Strategies for Government Projects Resource Mobilization

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  1. Presentation on Resource Mobilization for Government ProjectsPresentation at ICPAK PFM Conference at Sarova White Sands, Mombasa.CPA Fredrick Riaga-ICPAK Credibility . Professionalism . AccountAbility

  2. 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

  3. National Government Sources of Revenue( Article 209)

  4. County Government Sources of Revenue(Article 209)

  5. HOW THE BUDGET 2014/15 IS SHARED Credibility . Professionalism . AccountAbility

  6. Comparative: Former LA Revenue Streams Credibility . Professionalism . AccountAbility

  7. Revenue Analysis- National Government

  8. 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: • Kshs.110.1 billion (82.6%) from the national shareable revenue, • Kshs. 19.1 billion (14.3%) raised from local revenue sources • Kshs. 4.2 billion (3.1%) as balance brought forward from FY 2012/13 Credibility . Professionalism . AccountAbility

  9. Credibility . Professionalism . AccountAbility

  10. 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 mobilization • High defense budget; • Overreliance on donor support; • Need to support the ambitious Rwanda Vision 2020 • Tax reforms- • Tax compliance at 97%; • 90% of revenue collected by banks; Credibility . Professionalism . AccountAbility

  11. TRENDS IN RWANDA’S DEVELOPMRNT FINANCING Credibility . Professionalism . AccountAbility

  12. NATIONAL GOVERNMENT- RECOMMENDATIONS • 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; • Private capital key in resourcing • Borrowing from the domestic market- Treasury Bills and bonds: • Shift from traditional sources of external funding: West to the East? • Efforts must be put in place to strengthen the legal & institutional framework, PFM reforms to support resource mobilization strategies; Credibility . Professionalism . AccountAbility

  13. COUNTY GOVERNMENT- RECOMMENDATIONS Invest in ICT & cross-institutional engagements to realize maximum impact; Leverage on domestic tourism as a source of revenue; Maximize on business licences; Create a favorable environment to support entrepreneurship & attract investment through reforms of business regulatory frameworks; Credibility . Professionalism . AccountAbility

  14. Thank You Credibility . Professionalism . AccountAbility

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