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Budget execution and managing fiscal space course


Fiscal space is the flexibility of a government in its spending choices, and, more generally, to the financial well-being of a government .It can also be defined “as room in a government’s budget that allows it to provide resources for a desired purpose without jeopardizing the sustainability of its financial position or the stability of the economy”.

In the course of the prolonged economic crisis that started in 2008 fiscal space has become a scarce commodity in OECD countries. In response to strong external pressures, many European countries have embarked on tough austerity programs, some of them under EC-IMF-ICB surveillance. Fiscal consolidation in these countries may extend well beyond the current emergency, as debt service obligations reach new heights and the pressure of demographic transition over pensions and health spending continues to build up. Countries that have so far postponed fiscal adjustment, like the US and Japan, may need to address these issues if market or political tolerance to their fiscal imbalances dwindles in the future.


5 Days


  • Finance Directors,
  • Finance Managers
  • Administrators
  • Project officers
  • Budget Accountants
  • Auditors
  • Chief Accountants
  • Credit Controllers


At the end of this IRES training seminar, you will learn to:

  • Understand Fiscal (Space) Baseline and Elements – conducive economic conditions (fiscal frameworks), efficiency in spending, loans, grants, reprioritization
  • Understand the Underlying conceptual and operational principles of public choice including prioritization, political economy, PFM, budgeting, and public-private mix
  • To understand Basic Principles and Operational Aspects of Taxation/Revenue Generation
  • To understand Good Global Fiscal Practices



Desperately seeking fiscal space

  • Fiscal trends in OECD countries 2007-2013
  • The changing notion of fiscal space
  • Managing fiscal space during the great recession
  • emerging challenges for fiscal policy and budgeting

  The continuing scarcity of fiscal space

  • Can current practices on budgeting deliver?
  • Incrementalist responses

Fiscal space beyond conventional expenditure management

  • Expanding the scope of fiscal space generation
  • Tax expenditures
  • Public-private partnerships (PPPs)
  • Zero-based budgeting (ZBB)
  • Cost containment programs
  • Permanent legislation

Analytical and institutional challenges

  • Analytical challenges
  • Operational adjustments
  • Institutional rebalancing



The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.


Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.


The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.


Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814


This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817, +254(020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.


Payment should be transferred to IRES account through bank on or before C.O.B. 8th June 2020.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.


Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 5 Days
Event Date 15-06-2020
Event End Date 19-06-2020
Cut off date 08-06-2020
Individual Price(Kenyan) KES 69,000
Individual Price (International) EUR 790
Individual Price(International in Dollars) USD 920
Location Nairobi, Kenya
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