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Govt should provide some incentives to assist local investors to become active |
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Friday, 11 June 2010 05:42 |
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Yesterday the minister for Finance & Economic Affairs, Mustafa Mkulo, presented a National Budget for the 2010/11 financial year in the nation's capital city, Dodoma. Business Times spoke with various experts in their chosen career of which expressed their mixed feelings over the draft budget 2010/11.
Some have criticized the revenue targets to be collected in this financial year saying it is under estimated regarding the potentials that the government would use to broaden tax base. One of those experts is the DIRECTOR GENERAL for Small Industries Development Organization (SIDO), MIKE LAIZER, as was interviewed by our REPORTER, ERIC TOROKA. Excerpts.
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EPA signing duel and refusal to face reality |
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Friday, 11 June 2010 05:39 |
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CIVIL societies this week put up what was perhaps the most intense lobbying and campaigning activity to stop the signing of the Economic Partnership Agreement with the European Union, and earned respite until November. As the EU delegation in the country had already signaled its exasperation over what it called ‘indecisiveness’ on that issue, chances that signing will be postponed again or otherwise ‘rejected’ as the CSOs have been arguing, are next to nil. Even at this time the postponement can be comprehended as a sort of consideration for President Jakaya Kikwete; he has already plenty on his hands when he faces the electorate, and new demonstrations against EAC-EPA accords wouldn’t help. Yet there is an environment where civil societies expect that between now and November it is the European Union which should have learnt to understand our argument, whereas in reality it is the opposite that should take place. The sooner governmental authorities start explaining to both the legislature and the public at large that this is no longer a world in which one sticks to the same old public sector based arguments, the better. See how countries are virtually exploding in Europe when they fail to carry the size of the public sector debt, and Tanzania continues to postpone the days when it will start facing up to the realities; radicals, socialist ideologies won’t allow public authorities a minute to reflect.
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AS BUDGET DAY LOOMS LARGE Analysts go to town on its proposals |
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Friday, 04 June 2010 06:28 |
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ERIC TOROKA & MNAKU MBANI
LESS than a week to 'National Budget Day' in East Africa which is slated for June 10 this year, observers who spoke to Business Times on the Tanzania Government Budget proposals for the 2010/11 financial year – all of experts in their chosen careers – expressed misgivings almost to a man.
Perhaps with the exception of the commissioner-general of the Tanzania Revenue Authority (TRA), Harry Kitilya, other respondents to our random survey had very definitive views on the proposals. 
This was after the minister for Finance & Economic Affairs, Mustafa Mkulo, had unveiled preliminary outlines of the tentative budget before members of the Standing Parliamentary Committee on Finance & Economy in Dar es Salaam on May 31.
Pointedly asked to give the position of the State's largest revenue administrator regarding the revenue collection aspect of the new budget, TRA chief Kitilya was understandably enough noncommittal.
“We have got so many plans on it, and only time will tell,” Kitilya said somewhat enigmatically.
However, that reply notwithstanding, Kitilya stressed that TRA was willing, able and ready to receive and act on proposals from any quarter on how to improve revenue collection.
Other commentators were not as secretive... They almost all criticized the revenue collection targets for FY-2010/11 as being unrealistically low. This is especially so in the face of the enormous potentials that are available to the Government in terms of a broadened tax base, more vigorous tax collection efforts and plugging extant revenue-loss loopholes.
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Friday, 11 June 2010 04:51 |
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INTRODUCTION
- Mr. Speaker, I beg to move that this esteemed House now resolves to debate and approve Government proposals for Revenue and Expenditure estimates for the Financial Year 2010/11. Together with this speech, there are four volumes of books which provide detailed explanation of the budget estimates. Volume one presents revenue estimates; volumes two and three describe recurrent expenditure for ministries, government departments, regions and local government authorities; and volume four presents development expenditure estimates for the ministries, government departments, regions, and local government authorities. In addition, there is Finance Bill for the year 2010 which is also part of this budget.
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Food production improves – but not enough to feed every mouth |
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Friday, 04 June 2010 06:24 |
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TIMES REPORTER
ALTHOUGH food supply in Tanzania is continuing to improve, this nonetheless has not guarantee a full plate for Tanzanians at regular intervals – and on a sustainable basis, the Estimated Food Security Conditions for May 2010 say.
The Estimates, which were published this week by the Famine Early Warning System (FewsNet) of the USAID, warn that, “despite food security improvements, there are still areas of concern.”
As if that were not enough, economists have been quoted as saying recently that the slight drop in food prices would be just seasonal – and a rise in the prices is expected in a few months, ahead of the next 'hunger season' projected to commence in October.
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