Course Overview:
This 5-day course, provided by IRES, is designed to equip professionals with the skills and knowledge necessary to execute budgets effectively and manage fiscal space in public finance. Participants will learn strategies to ensure proper budget utilization, explore techniques for managing fiscal space to allow for sustainable spending, and understand the importance of fiscal discipline in achieving long-term financial stability.
Course Duration:
- 5 Days
Target Audience:
- Public Finance Managers
- Budget Officers
- Economists
- Fiscal Policy Advisors
- Government Financial Analysts
- Accountants in Public Institutions
Personal Impact:
- Develop expertise in budget execution and fiscal management.
- Learn how to identify and manage fiscal space for better financial sustainability.
- Improve your skills in public financial management and policy implementation.
- Gain practical experience in managing budgets within fiscal constraints.
Organizational Impact:
- Improve budgetary control and financial sustainability.
- Ensure better utilization of public resources and fiscal space management.
- Strengthen the capacity of the organization to meet its fiscal targets.
- Foster better transparency and accountability in the management of public funds.
Course Level:
Course Objectives:
- Understand the fundamentals of budget execution and fiscal space.
- Learn how to manage fiscal space to accommodate essential expenditures.
- Develop strategies to improve budgetary performance and fiscal discipline.
- Explore techniques for assessing and monitoring fiscal risks.
- Use analytical tools to track and evaluate the budget execution process.
Course Outline:
Module 1: Fundamentals of Budget Execution
- Key concepts in budget execution and fiscal policy
- The budget execution process: Stages and stakeholders
- Understanding the budgetary and regulatory framework
- Practical Exercise: Mapping the budget execution cycle
Module 2: Managing Fiscal Space in Public Finance
- Definition and importance of fiscal space
- Identifying sources of fiscal space (e.g., revenue, debt, grants)
- Strategies for creating and expanding fiscal space
- Case Study: Assessing fiscal space in different economic scenarios
Module 3: Budget Flexibility and Expenditure Management
- Approaches to enhancing budget flexibility
- Techniques for efficient expenditure control
- Adjusting budgets in response to fiscal constraints
- Practical Exercise: Budget reallocation for optimal resource utilization
Module 4: Risk Management in Budget Execution
- Identifying and assessing fiscal risks (e.g., economic shocks, policy changes)
- Developing risk mitigation and contingency plans
- Integrating risk management into budget planning and execution
- Case Study: Implementing risk management in a public budget framework
Module 5: Monitoring and Evaluating Budget Performance
- Techniques for tracking and measuring budget outcomes
- Performance-based budgeting and financial accountability
- Enhancing transparency in budget reporting and documentation
- Real-life Project: Evaluating budget execution and performance in a public entity
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
ACCREDITATION
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
TAILOR-MADE
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
Click here to register for this course.
Register NowCustomized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
Do you need more information on our courses? Talk to us.