Highlights of IEA Citizen’s Alternative Budget 2021 - Public Finance Management Program

Highlights of IEA Citizen’s Alternative Budget 2021 Public Finance Management Program Institute of Economic Affairs (IEA) – Kenya 7th May 2021 Outline of Presentation • State of play in the budget process • Interrogating Budget 2021/22 framework • Highlights of Citizen’s Alternative Budget 2021 proposals – Expenditure – Taxation • Conclusion 2 Status of the Budget 2021/22 process • Sector reports. [...] 221 • The Budget and Appropriation Committee and other Departmental Committees - public hearings • The cabinet secretary of finance to present a budget statement outlining taxation proposals in June 2021 3 Interrogating of Budget 2020/21 framework • Kenya Economic growth rate of 5.4 per cent in the year 2019 prior to Covid -19 • Budget implementation for FY 2020/21 – against a background of contra. [...] • Provide incentives for investment in post-harvest handling and management especially by the private sector - erratic weather, rainfall during the harvesting period, contributed immensely to increases in post-harvest losses • Support capacity building of County Governments and the sector's coordination mechanisms -Success in the sector will only be released with harmony between the national and c. [...] Increase funding to education in the 2021/22 financial year to finance the following: a) Review of MOE’s strategy on the integration of ICT in education; b) Upscaling of teacher training & support on ICT integration; c) A multi-sectoral committee to work on a long term plan to systematically bridge the digital divide that is both geographic & socio-economic, as part of the broader strategy to ensu. [...] • Circulation and velocity of funds moving promptly through the supply chain will be a catalyst to economic activity Conclusion • Improve efficiency,effectiveness,transparency and accountability of public spending -implement guidelines for public investment management • The National Treasury should strengthen the macro fiscal frameworks and revenue forecasting capacity in order to improve predicta.