Wednesday, November 13, 2013

Government outlines its income and expenditure data in the first quarter of the 2013/14 financial year

THE Government has spent a total of Sh. 3.08 trillion which is equivalent to the 98 percent of the total target of Sh. 3.59 trillion in the first quarter of the 2013/14 financial year starting from July up to September 30th, the Parliament has been informed. Either in the same trading period, the government has collected a total of Sh. 3.80 trillion equivalent to 85.7 percent of the total estimated Sh. 3.85 trillion. Prime Minister Mizengo Pinda told parliamentarians last week in Dodoam when closing their 13th session that, among the expenditures incurred, Sh. 3.05 billion are for the recurrent expenditures while Sh. 747.9 billion is for the development projects.  The premier clarified that, during the period under review, the major portion of the money spend on development issues were targeted mostly in areas which are economic viable an d with high productivity such like the construction of major roads and other infrastructures to facilitate economic  development. 

Tanzania's Prime Minister Mizengo Pinda

He categorized the use of this money in various sectors of the national development such as Sh. 182.5 for the normal development use, Sh. 229.2 billion for the education sector, Sh. 159.9 for energy sector, Sh. 119.6 for the agriculture sector and Sh. 51.3 for the water sector. However, he added that, other money has been used to pay salaries for the public servant. Detailing the various challenges the government had incurred in their revenue collection, the Premier noted that is due to the lateness and keep on time to start collections from some various source points. Other challenges he mentioned poor infrastructures which do not provide sustainable transport facilities such as the central railway line, harbor and civil aviation as well as main roads. He said effective infrastructure is important to speed up economic growth and the promotion of employment hence the availability of these services would speed up the country’s economic activities and basic social services.  In view of this, however, he has promised that the government is taking effective measures at the moment in order to curb with the situation to get a solution.

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