Monday, June 6, 2016

Parliament to present National budget this week in Dodoma

All roads lead to Dodoma this week where Finance and Planning Minister, Dr Philip Mpango, is slated to present budget estimates on Wednesday in which he will spell-out how the government will collect and spend 29.9trl/- for recurrent and development votes in the financial year 2016/2017. The amount represents an increase of 7.4trl/- from the current 2015/2016 financial plan in which the government had pegged collections and expenditures at 22.49trl/. It will be the first budget under the Fifth Phase Government and opening financial year for the second Five Year Development Plan straddling 2016/2017 to 2020/2021 as the country envisages attaining middle-income economy by the year 2025. Dr Mpango, a former Executive Director of the Planning Commission and past senior economist with the World Bank, will be presenting his first budget as Finance and Planning Minister after he was appointed to the position by President John Magufuli early this year. 

Finance and Planning Minister, Dr Philip Mpango

According to a timetable issued by the Parliament office here, Dr Mpango will on Wednesday morning, after the customary question and answer session, present before the National Assembly the state of the economy report and later in the evening table the budget estimates. All government ministries have already presented their financial plans in the august House which were approved by legislators, the last being the Ministry of Finance and Planning which tabled its budget estimates last Wednesday. Since Thursday, last week, the government has been engaging the Parliamentary Budget Committee chaired by Mtwara Rural MP, Ms Hawa Ghasia (CCM), to incorporate in the main budget crucial issues raised by parliamentarians when discussing budget estimates for the ministries. Today the National Assembly resumes its session after the weekend break. According to the timetable by the parliament there will be only question and answer session today and tomorrow as the government continue to engage the budget committee. After the budget is presented on Wednesday, the lawmakers will spend the whole of Thursday analyzing the estimates after which they will start discussing the financial plan and the state of the economy report for seven days starting Friday next week to June 20, this year

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