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| BoT HQ in Dar |
Budget-linked activities for January 2012 had a shortfall amounting to 450.7bn/-, which was bridged through domestic borrowing to the tune of 451.6bn/-,
a Bank of Tanzania report shows.
The deficit resulted from the failure by development partners to remit
aid as per their commitment.
The deficit caused an expenditure programme of
Sh466.2 billion that was below the target by 48.1 per cent, whereas recurrent
expenditure was 455.2bn-, the development expenditure was 11.1bn/-.
The February Economic Review that BoT published indicates that donors
were supposed to remit 285.7bn/- in the month of January but only remitted 156.4bn/-,
with a deficit of 45 per cent.
The report reveals that Tanzania Revenue Authority (TRA) exceeded its
revenue collection target by 4 per cent in January 2012 as overall tax
administration improved because sensitisation of taxpayers increased tax
compliance. The other causes included tightened monitoring of block management
system and use of electronic fiscal devices. TRA collected a total of 511.4bn/-.
“Good performance was observed in all tax categories except import
taxes,” says part of the report.
Total revenue, excluding local government authorities’ own sources, in
the period under review, was 543bn/- compared with the target for the month of 565.9bn/-.
Income tax surpassed targets as 137.7bn/- was collected compared to the target
of 114.6bn/-.
Other taxes exceeded the target as 27.8bn/- was collected from the
target of 25.4bn/-. Import tax missed the target as 221.8bn/- was collected
compared to the targeted 226.1bn/-. Taxes on local goods and services amounted
to 113.6bn/- from the target of 116.7bn/-.
The report reveals that in the first seven months of 2011/12, revenue
excluding LGAs own sources, amounted to 3.98trn/-, equivalent to 99.4 per cent
of the target. Total grants disbursed were 1.03trn/-, against the projection of
1.81trn/-, primarily due to project funds disbursement shortfall.
Meanwhile the total expenditure for first seven months of 2011/12
amounted to 5.23trn/- equivalent to 75.9 per cent of the estimated level for
the period, out of which recurrent expenditure was 3.51trn/- and development
expenditure was 1.72trn/-.
The expenditure was mostly on wages and salaries which spent a total of
257bn/- compared to the estimated 271.9bn/-, interest cost spent 30.3bn/- down
from the estimated 40.8bn/-.
Source: The Citizen,, reported by Veneranda Sumila
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