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Credibility . Professionalism . AccountAbility

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

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Credibility . Professionalism . AccountAbility

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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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