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| Mr Mzee |
The Zanzibar Revolutionary Government has unveiled its 2012/2013
financial year budget showing that it will need 307.797bn- for recurrent
expenses and 341.147bn/- for development.
Reading the government’s budget estimates in the House of
Representatives yesterday, the minister of State in the President’s Office
responsible for Finance, Economic Affairs and Development Planning, Mr Omar
Yusuf Mzee, said the government targets to collect 648.944bn/- during the
financial year.
He said the government plans to implement various strategies in the
2012/2013 budget aimed at boosting revenue collection.
According to minister Mzee, among the strategies include raising tax on
fuel, port charges and stamp duty.
The minister told the House that revenue collected on tax increment
would be directed into development projects.
He said the port charge has been proposed to be increased from Sh1,000
to Sh2,000 for passengers travelling between Zanzibar and Tanzania mainland.
The minister said passengers travelling between Unguja and Pemba will
have to pay Sh1,000 as port charges. He said imported fuel will be charged 50/-
per litre as tax, a move aimed at enabling the Zanzibar government to collect 3.3bn/-.
Mr Mzee said the government has proposed a 1.5 to three per cent
increment on stamp duty, a move hoped to raise a total of 2.1bn/-. He
said road licences would be adjusted according to the weight of motor vehicles.
He said the current tax paid on road licence of 24,000/- did not
reflect on actual road usage, and as such needed to be scaled upwards.
Mr Mzee said other areas that will see their tax rates increased
include hotels and restaurants.According to him, Zanzibar’s economy is projected to grow at between
6.8 per cent and 7.5 per cent during the 2012/2013 financial year.
He added that inflation was expected to go down from the current 14.7
per cent to 8.7 per cent during the period under review.
Source: The Citizen,http://www.thecitizen.co.tz, reported by By Salma Said in Zanzibar
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