Preview

The Impact of Donor Funding on Nra- Sierra Leone

Powerful Essays
Open Document
Open Document
1126 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Impact of Donor Funding on Nra- Sierra Leone
INTRODUCTION

The act of the National Revenue Authority came into being on 13 September 2002. The National Revenue Authority has a mandate to administer and collect all taxes, revenues and all penalties as stated in the NRA act. The purpose of the National Revenue Authority is to serve as a central body for the collection and assessment of national revenue. The implementation procedures and policies by the National Revenue Authority will ensure that revenues are collected efficiently by enforcing specified laws through the provision of robust administration. However, the capacity of the NRA was inadequate to efficiently perform its mandates and mobilize the revenue needed for the socio-economic development. Against this background, several donor organizations including Dfid opted to support the capacity building drive of the NRA. This study focuses on Dfid as one of the major donors supporting the NRA. I will attempt to analyze the impact of Dfid intervention in NRA, with specific focus on staff capacity and revenue mobilization.

IMPACT OF DONOR FUNDING ON THE OPERATION OF NATIONAL RENVENUE AUTHORITY With Dfid funding in July 2009, to strengthen the performance of NRA through ensuring compliance with international trade agreements, improving business processes and developing staff capabilities. Crown Agents was contracted to provide technical assistance to the National Revenue Authority (NRA) in the Modernization Plan to target a benchmark wherein the institution (NRA) transforms into modern and effective medium through which to secure vital state revenues and to ensure that the newly implemented Goods and Services Tax (GST) is viable and robust wherein NRA will have in place effective compliance management procedures. This reform program has designed to deliver efficient and equitable customs and tax administration procedures to target international practice. Through its continuing support program to NRA, the Department for International Development (Dfid) has



References: Revenue and tax Policy Unit- MOFED Modernization Unit- NRA Website

You May Also Find These Documents Helpful

  • Powerful Essays

    Chapters 2 through 8 describe accounting and financial reporting by state and local governments. A continuous problem is presented to provide an overview of the reporting process, including preparation of fund basis and government-wide statements. The problem assumes the government is using fund accounting for its internal record-keeping and then at year-end makes necessary adjustments to prepare the government-wide statements. The problem that follows is presented in the same order as the textbook (beginning with Chapters 3, and 4). Each chapter requires the preparation of journal entries to record the events and transactions of governmental, proprietary, or fiduciary funds. For the General Fund, use control accounts for the budgetary accounts, revenues, expenditures and encumbrances. For all other funds, use separate accounts for each type of revenue and expenditure/expense. At appropriate stages, preparation of the fund and government-wide statements are required. The following funds are included in this series of problems: Governmental Funds General Special revenue—Street and Highway Fund Capital projects—City Hall Annex Construction Fund Debt service—City Hall Annex Debt Service Fund Debt service—City Hall Debt Service Fund Proprietary Funds Internal service—Stores and Services Fund Enterprise—Water and Sewer Fund Fiduciary Funds Private-purpose—Student Scholarship Fund Pension trust—Fire and Police Retirement Fund…

    • 5852 Words
    • 24 Pages
    Powerful Essays
  • Satisfactory Essays

    This department is responsible for collecting taxes it also has responsibility for the customs and exercise…

    • 399 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    424 NOMS

    • 2213 Words
    • 7 Pages

    However, in an increasingly global economy, a much debated issue these days is how to improve the efficiency in operation in the public sector. Further reforms of management practices, and of financial controls in particular, were held to required, with increasing emphasis placed on extending the financial accountability of service providers (Kurunmäki, 1999). Since the New Public Sector reforms in late 1980s, a more market-based and accountable management has been called for in the public sector to replace the traditional modes characterized by professionalism, bureaucracy and departmentalism. The aim of the New Public Sector reforms was to address a widespread perceived problem with the management of public sector organizations, and it achieved this goal by means of changing the allocation of financing for the publicly funded services by market based system. The following statement by the Chief Executive in NOMS reveals that the values of NOMS are quite in line with the objective of market-based New Public Sector reforms:…

    • 2213 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Tax Structue

    • 1717 Words
    • 7 Pages

    Mikesell, J. L. (2010). Fiscal administration: Analysis and applications for the public sector (8th ed.: 2010 custom edition). Mason, OH: Cengage Learning.…

    • 1717 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Each year the State of Nevada issues the Comprehensive Annual Financial Report (CAFR). The most recent being the 2011 report that was issued by Kim R. Wallin, the State Controller, for the fiscal year ending June 30, 2011. In recent elections, there have been some additions to the Nevada elected board members. The purpose of this paper is to provide an overview of government accounting and reporting, and to introduce the Nevada CAFR to the newly elected board members. Also contained is an evaluation of the Management Discussion & Analysis (MD&A) section contained in the 2011 report.…

    • 1145 Words
    • 5 Pages
    Better Essays
  • Best Essays

    An assignment submitted in partial fulfillment of the requirements for PAD 620 (Foundations of Public Administration)…

    • 1591 Words
    • 7 Pages
    Best Essays
  • Satisfactory Essays

    Interm Acct

    • 298 Words
    • 2 Pages

    7. What is the significance for financial reporting of a government’s power to tax? How does it affect the government’s overall financial strength?…

    • 298 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    References: Allison, G. S., Freeman, R. J., Patton, T. K., Shoulders, C. D., & Smith, Jr., R. G. (2011). Governmental and nonprofit accounting: Theory and practice (9th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.…

    • 1149 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    The leaders and staff of nonprofit organizations must ensure that accounting records and financial statements are accurate and comply with regulatory requirements. For a manager of a nonprofit organization, managing the organization’s finances is especially challenging. A nonprofit organization’s revenue sources are frequently subject to changes in both economic forces and political climate. Yet, it has to compete for labor and other inputs just like any other organization. Accurate recording and reliable reporting of financial information are the preconditions for financial management. Public accountability also requires a high degree of accuracy and reliability of financial data. The financial statements of a nonprofit organization provide a useful overview of the organization’s fiscal health.…

    • 1891 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    The rich and poor all value life. They all value their life so much that they are ready to give out what they have to stay alive. For example, some people when been attacked by an arm robber with a gun pointed on your fore head, they will state to make promise to stay alive. Life during the war is devastated, and death can take place at any time. Stopping of the crisis in Sierra Leone is to formulate and implementing of rehabilitation for the nation to move forward.…

    • 177 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Critical Issues in Financial Accounting Regulation for Nonprofit Organizations, Online Compendium of Federal and State Regulations for U.S. Nonprofit Organizations, retrieved from web site http://www.muridae.com/nporegulation/main.html on February 28, 2003…

    • 3640 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    what

    • 4747 Words
    • 19 Pages

    On a constant daily basis, Associação Casa Grande must fundraise for unrestricted funds to maintain a positive balance in the annual fund. Located in Lencois, Bahia Brazil, Associação Casa Grande (ACG) is a very small nongovernmental organization with a three year average cost of $4,211.56USD/R$7,412.35. This calculation includes operating, programs, and capital expenditures (infrastructure) from 2010 to 2012 ( Appendix A: Yearly Average Costs). Like many nongovernmental organizations, ACG is an independently within its constituency model (Appendix D) attempting to provide a private service to the community that the government has not been able to adequately provide. For the future sustainable prosperity of ACG, this comprehensive research will analyze all four different types of fundraising activities that ACG engages in.…

    • 4747 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    African Foreign Aid

    • 1144 Words
    • 5 Pages

    The first thought that comes to mind when thinking about Africa is often, what is going wrong there now, or it is a very dangerous place for foreigners to visit. This is a stereotype that has plagued Africa for the past hundred years and has aided to why Africa still is perceived today, especially with epidemics such as HIV/AIDs, Ebola, and refugees fleeing war torn countries. Africa is an enormous continent with over 1.26 billion people living on it spread out between 54 countries. With this in mind it is important to remember that particular crises affect only particular regions of Africa for example, northern Africa has lower HIV/AIDs rates than even the US and many other western countries, and is really a problem in southern Africa in countries…

    • 1144 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The Zimbabwe Revenue Authority (ZIMRA) was established on 19 January 2001 as a successor organization to the then Department of Taxes and the Department of Customs and Excise following the promulgation of the Revenue Authority Act on February 11, 2000. It is responsible for assessing, collecting and accounting for revenue on behalf of the State through the Ministry of Finance. They also facilitate trade and travel by ensuring smooth movement of goods and people through inland and border ports of entry/exit. Advise Government on fiscal and economic matters. This includes revenue forecasting, participation in national budget process and revision of Acts. Among their stakeholders are the government, Ministry of Finance and other ministries such as Transport and communication, Ministry of Industry and Commerce and Ministry of Agriculture. By dealing with the public in most day to day activities, it is crucial for the Public Relations officer to preserve a positive perception of the company as shall be shown in various activities that the PR officer does. Among his responsibilities, is Public Image Strategy, Outreach events, media relations, social media and…

    • 1843 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    ORGANIZATIONAL SUB SYSTEM

    • 5713 Words
    • 23 Pages

    The Jatio Sangshad JS adopted the Appropriation Bill-2013. Finance Minister AMA Muhith piloted the bill. The day's sitting was chaired by Speaker Dr Shirin Sharmin Chowdhury. The new budget is the last fiscal plan of the Awami League- led grand alliance government which came to power with an overwhelming victory in the general election held in 2008. JS passed the Finance Bill-2013 with some changes to the tax-duty proposals, which include scrapping mandatory pre-shipment inspection and making it optional and imposition of tax at source on all kinds of soft drinks. About 1,023 cut motions were proposed by 20 opposition lawmakers but they spoke on the cut motions on about 5 demands for grant. The cut motions were rejected by voice vote. Ministers of different ministries concerned placed their proposals for expenditure through 56 demands for grant, which were passed by voice vote. In the budget for the FY 2013-14, the growth target has been set at 7.2 percent, which experts believe as attainable through effective measures in implementing the ADP.…

    • 5713 Words
    • 23 Pages
    Good Essays