Thursday, February 27, 2020
   
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The Government has vowed to continue with verification and payment of arrears to suppliers and contractors up to May 2019, saying some TZS 598.4 billion out of TZS 600.0 billion budgeted for 2018/19 fiscal year had been disbursed.

Finance and Planning Minister, Dr. Philip Mpango, said in Dodoma recently that the disbursed amount comprised TZS 300.5 billion paid to contractors, TZS 232.9 billion remitted to suppliers, and TZS 65.0 billion to public servants.  

“The Government will continue to set aside funds for payment of verified arrears and take various measures to reduce their accumulation,” said Dr. Mpango when presenting estimates of the Government revenue and expenditure for the financial year 2019/20 in Parliament.

He said the measures include enhancing compliance with the Budget Act, the Public Procurement Act, Public Finance Act and various directives and circulars issued by the Government.

The Minister added that development   expenditure   is estimated   at TZS 12.25 trillion equivalents   to   37.0 percent of the total budget, of which TZS 9.74 trillion is from internal sources and TZS 2.51 trillion from external sources.

He noted that out  of  the  estimated  development funds: TZS 2.48 trillion for construction  of standard gauge railway; TZS 1.44 trillion for hydroelectric power  project  at  Rufiji  River;  TZS 788.80 billion for  railway, water  and  rural electrification projects.

He said the budget for the year 2019/20 had   been    prepared    in    line    with    the Government's efforts at improving the well being of the underprivileged and business environment in the country. The main theme of the budget, as agreed by East African Community partner states, would continue to be “Building Industrial Economy for Stimulating Employment and Sustainable Social Welfare”.

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