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
No comments:
Post a Comment