The Dynamics of Public Sector Finance

MBRSG-LKY SCHOOL LEADING EXECUTIVE PROGRAM The Dynamics of Public Sector Finance

13 - 16 September 2015

Public financial management is an essential component of good governance. This course will take participants beyond the textbook concepts that have been developed by economists over many decades. Public finance is embedded in politics and administration and we, therefore, use real world cases to show how public finance operates in practice. Course Objectives & Learning Outcomes: The course will include international case studies to illustrate many of the financial and management intricacies of Public- Private Partnerships (PPPs) particularly those that have involved large-scale infrastructure projects. In this way, we can show how many of the public finance concepts such as long-term capital budgeting, financing debt, benefit financing and managing across the public and private sectors come together in complex, multi-stage and multi-year decisions.

This course provides a practical and comprehensive overview of public sector financial management. In the first half of the course, students are introduced to key concepts and issues in public financial management such as budget and expenditure management, revenue management, and fiscal sustainability in the public sector. In the second half of the course, real life examples and international case studies are used to illustrate these concepts and issues. Through real world examples of failures and successes, participants can learn how public finance and administration are closely connected to the design and implementation of public policy. At the end of the course, there will be a thorough case study discussion centered on current public finance practices in the Middle East, with emphasis on the United Arab Emirates. Who should attend: • Senior Government employees • Seniors from private sector • Researchers interested in public policy in Asia • Post- graduate students Program Schedule

TIME DAY 1 DAY 2 DAY 3 DAY 4

Revenue G20/OECD Base Introduction to ASEAN Economic Management: Erosion and Profit AM Public Financial Community 2015: Tax Policy and Shifting (BEPS) Management Challenges Administration Project 2014-15

Domestic Resource Understanding Fiscal Sustainability: Management: Case Study and and Reforming Issues and Policy – A PM International Survey Discussion: Public Public Expenditure Case Study of 50 on Deficit Financing Finance in UAE Management years of Singapore Reduction

Program Dates: Program Language: Program Fees: 13 - 16 September 2015 English AED 14,000

(Fees include: tuition, course material, and meals during the program) Deadline for receiving applications: 5 August 2015

LKY SCHOOL: Li Hui Assistant Professor and Research Fellow, ACI, Lee Kuan Yew School of Public Policy Li Hui holds an undergraduate degree in public administration from Soochow University, a Master of Management degree from Fudan Univeristy, China, and a PhD in Public Administration and Policy from the University of Georgia, USA. Prior to joining the LKY School of Public Policy, Li Hui taught public budgeting and finance, public administration, American government, and state and local government at the Department of Political Science, Eastern Michigan University, where she was assistant professor from 2008 to 2011. Li Hui’s research interests focus on state and local government budgeting and finance, and performance management. Her current research has explored personal income tax revenue and the impact on local governments.

NUS: PHUA Lye Huat Stephen Associate Professor, Faculty of Law, National University of Singapore

Stephen Phua teaches Income Tax, Goods and Services Tax, Corporate Taxation, International Tax and Business & Finance for Lawyers in the Faculty of Law, National University of Singapore. He is a consultant with the Inland Revenue Authority of Singapore (IRAS) and an examiner with the Chartered Institute of Taxation in London. He is also an Eastern Scholar, Shanghai, PRC and a Visiting Professor at the International Law School of East China University of Law and Politics in Shanghai, PRC. He is a member of INTR, OECD and is a program advisor to the International Tax and Investment Center in Washington DC. He was a visiting scholar/professor to several leading universities in Australia, Canada, China, Japan and the USA. He was a member of the Tax Advisory Group in Ministry of Finance. He served as a member for more than a decade on each one of the three tax tribunals in Singapore (Income Tax Board of Review, Goods and Services Tax Board of Review and Valuation Review Board). Prior to joining IRAS, he was a tax consultant in a leading law firm in Singapore. He has delivered papers in many international conferences and published articles in refereed journals and chapters in books. He is the Editor of 2 books: “Recent Developments in Financial Regulation and Capital Markets” (2003) and “Excise Taxation in Asia” (2007).

MBRSG: Dr. Ehab Zaki Assistant Professor- Finance, University of Dubai, Senior Financial Controller, Financial Audit Department Dr. Ehab Zaki holds a Bachelor of Science in Accounting and a Master Degree in Accounting from Cairo University, Egypt. He has a Master of Business Administration (MBA) and a Doctorate of Philosophy in Accounting from the Ashford University, U.K. He earned his professional Diploma in Accounting & Finance from Cambridge Academy, U.S.A. Dr. Zaki is now pursuing Post-Doctoral studies at the academically qualified Bridge Program “Finance” at Grenoble Ecole de Management Doctoral School, France. His research title is “Analysis of Financial Crisis & Policy Interventions in the UAE Financial Markets” In 2006 Dr. Ehab Zaki got the “Instructor award “from American University of Sharjah” Dr. Zaki is a member of the American Institute of Management Accountants (IMA). He is a Certified Management Accountant (CMA) and Certified Financial Manager (CFM) During his career, he worked as an Accounting Instructor with the International British Institute in Egypt and Accounting lecturer at the American University-Cairo; Senior Auditor at Arthur Andersen Auditing Firm, Egypt; Training Managers at ISO Academy of Finance, Egypt; Audit Manager in Jumeirah International Auditing, U.A.E.; Head of Accounting Department at the University of Wales in Dubai, U.A.E. and Accounting Instructor at the American University of Sharjah (AUS), U.A.E. He was also a Senior Financial consultant at HLB International for Auditing and consultation. Dr. Zaki has provided many seminars, training and consultations to many multinational & government organizations in the GCC.

Dubai is one of the seven emirates that make up the United Arab Emirates (UAE). It is located on the Eastern coast of the Arabian Peninsula, in the south west corner of the Arabian Gulf. It is extremely well known for its warm hospitality and rich cultural heritage, and the Emirati people are welcoming and generous in their approach to visitors. With year-round sunshine, intriguing deserts, beautiful beaches, luxurious hotels and shopping malls and fascinating heritage attractions, Dubai receives millions of leisure and business visitors each year from around the world. Dubai has emerged as a global city and business hub of the Middle East and South Asia. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city is to host World Expo 2020. Dubai was rated as one of the best places to live in the Middle East according to UN reports.

The United Arab Emirates is a constitutional federation of seven emirates:

Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Qaiwain, Ra’s al-Khaimah and Fujairah. The federation was formally established on 2 December 1971.His Highness Sheikh Khalifa Bin Zayed Al Nahyan is the President. His Highness Sheikh Mohammed Bin Rashid Al Maktoum is the Vice President, Prime Minister and Ruler of Dubai.

About MBRSG

Launched in 2005 under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, the Mohammed Bin Rashid School of Government (MBRSG) is a premier research and teaching institution focusing on governance and public policy in the Arab world. The School aims to support the ongoing efforts for government excellence in the UAE and the Arab world, and empower leaders to build the future through an integrated system offering education and training programs as well as research and studies.

The School’s operations are founded on global best practices developed in collaboration with the Harvard Kennedy School, and is considered a unique model for academic institutions for its focus on the practical side of governance. As part of its priority to build synergy with relevant stakeholders, the School collaborates with several government and private institutions both regionally and internationally.

The School’s overall design and implementation of training programs are built on the foundation of scientific thought inspired by the reality of Arab public administration and with a view to improving individual and institutional performance and helping future leaders meet the challenges that face public administration in various parts of the Arab world. The School also organizes international and regional conferences and specialized workshops, and holds forums to facilitate the fruitful exchange of ideas and knowledge between the Arab region and the world.

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Email: 3 participants: 5% 4 participants: 10% Company: 5 participants: 15% 2- Applying for more than one program: Designation: 2 programs: 5% Country: 3 programs: 10% 4 programs: 15% Program Expectations: Motivation for joining this program (1-2 Sentences) Contact details:

Executive Education Department Mohammed Bin Rashid School of Government Level 13, Convention Tower P.O. Box 72229, Dubai, UAE Phone: +9714-3175500 Fax: +9714-3293291 E-mail: [email protected] Mode of Payment: Individual Organisation For Inquiries and Registration, Contact: Amal Anwar Elsisi Tel: +9714-3175512 Organization Details E-mail: [email protected]

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Contact Person Mobile: www.mbrsg.ae/LKY Cancellation Policy: Requests for cancellations or transfer of registration to a substitute candidate to attend the course must be submitted in writing or by email to the Executive Education Department at MBRSG. In case of cancellations, the following policy will apply:

Cancellation from start of course date More than 45 days 30 to 45 days 29 to 8 days 7 days or less Percentage of refund Full 75% 50% 0%

If the participant cannot attend the course, the tuition fees may be transferred to a substitute candidate with a written notification submitted to the Executive Education Department at MBRSG prior to the start of the course. If the participant cannot attend the course and has no substitute candidate, the above cancellation fees will apply.