Zanzibar plans to spend Tsh.1485.4 billion in
the fiscal year prioritizing expenditures with high productivity and value for
money on public goods and services.
the fiscal year prioritizing expenditures with high productivity and value for
money on public goods and services.
Finance and planning minister Mohamed Ramia Adiwawa
told the house of representatives that the government will next fiscal year embrace.
told the house of representatives that the government will next fiscal year embrace.
The proposed revenue and expenditure plan for
the 2020/2021 financial year, as unveiled in the house by ambassador Ramia
represent five percent from the current 1419.4 bn/- budget.
the 2020/2021 financial year, as unveiled in the house by ambassador Ramia
represent five percent from the current 1419.4 bn/- budget.
Minister Ramia said the government envisages collect
1047.5 bn/-from internal revenue sources with grants and loans from development
partners expected to bring in 394.6 bl/-
1047.5 bn/-from internal revenue sources with grants and loans from development
partners expected to bring in 394.6 bl/-
He said in the next three years, the government
expect to increase public spending 1746.8 bl/- from the fiscal year of 2022/23.
expect to increase public spending 1746.8 bl/- from the fiscal year of 2022/23.
Allocation of development fund in the next
three years will be guided by ‘Chama Cha Mapinduzi’s 2015/2020 election
manifesto, directives from budget and economic forums, national flagship, clove
procurement and priority area in the national development plan.
three years will be guided by ‘Chama Cha Mapinduzi’s 2015/2020 election
manifesto, directives from budget and economic forums, national flagship, clove
procurement and priority area in the national development plan.
“Priorities for the next financial year’s development
plan are expected to match with the new development vision, 2050” said the
minister, citing the focus areas as economic reforms with great emphasis on
amplify the service sector especially tourism, blue economy and marine
transport.
plan are expected to match with the new development vision, 2050” said the
minister, citing the focus areas as economic reforms with great emphasis on
amplify the service sector especially tourism, blue economy and marine
transport.
