The amount is an increase of 2.2 per
cent compared to the budget of 22.495tri/- pegged for the current
2015/16 fiscal year which ends on June 30, 2016. In the same
development, Dr Mpango said donor dependency is expected to be reduced
by 9.3 per cent in 2016/2017; the opening year for the second Five-Year
Development Plan straddling 2016/17 to 2020/2021.
Development partners are envisaged to
pump in 2.107tri/- in loans and grants in the next financial year which
is 9.3 per cent less compared to the amount pledged in the current year,
he stated.
“The government looks forward to
collecting 14.139tri/- from taxes, including Treasury Vouchers (TVCs),
which is equivalent to 13.2 per cent of the Gross Domestic Product
(GDP).
This translates to an increase of 15 per
cent compared to the estimates of 12.307tri/- this year,” Dr Mpango
explained. The Minister told the House that in 2016/17, the government
plans to spend 16.807tri/- on recurrent expenditure out of which
6.651tri/- will be salaries while spending on development projects has
been pegged at 6.182tri/-.
“We expect to raise 4.810tri/- from
internal sources to fund development projects and this is 77.8 per cent
of the total amount,” the former World Bank economist remarked.
In the coming fiscal year, according to
Dr Mpango, a big chunk of funds allocated for development will be spent
on improvement of social services while the remaining amount will be
invested as equity in revenue generating projects.
In the same line, the state will make
best use of public-private partnerships (PPPs) arrangement to fund
development projects in a bid to reduce the load on the government in
implementing such ventures, he noted.
Dr Mpango went on to point out that in
the next fiscal year the internal revenues from taxes, non-revenue
sources and collections from local government authorities have been
estimated at 15.801tri/-.
“The sum is equivalent to 68.7 per cent
of total obligations compared to 62.2 per cent pegged for the present
year,” he explained. The Treasury expects to collect taxes amounting to
14.106tri/- as well as 1.110tri/- and 584.4bn/- from non-revenue and
collections local authorities, respectively.
On the other hand, Dr Mpango highlighted
that the government will borrow 1.782tri/- from foreign sources in
commercial loans in addition to 3.300tri/- from domestic sources
including payments of 2.766tri/- for treasury bills and bonds set to
mature.
The Chairperson of the Parliamentary
Budget Committee, Ms Hawa Ghasia (Mtwara Rural-CCM) challenged the
government to release on time funds allocated for development projects.
Presenting the views of the committee, Ms Ghasia noted with concern that
many projects countrywide have stalled due to delays in disbursement of
funds.
“My committee is of a view that it is
high time the government used cash in the Oil and Gas Fund to implement
these development projects,” the former minister charged.
Earlier in the morning session, the
august House was embroiled in a heated debate after MPs from the ruling
and opposition differed on whether the tabling of the plans was in
breach of Article 63 (3) (c) of the Constitution and Standing Order
number 94 of the Parliament.
After hot exchanges pitting Opposition
Chief Whip Tundu Lissu (Singida East-Chadema) and Kigoma Urban MP Zitto
Kabwe (ACT-Wazalendo) on one hand and a number of CCM legislators on the
other, the House finally reached a consensus on the matter.
Mr Lissu and Zitto had argued that the
tabling of the framework was in contrary to regulations an argument
which was contested by Kigoma North MP Peter Serukamba (CCM) and Mr Adam
Mwakasaka (Tabora Urban-CCM), Ms Mary Nagu (Hanang-CCM) and Ms Ghasia.
The Minister of State in Prime
Minister’s Office, Ms Jenista Mhagama, shamed the opposition lawmakers
when she revealed that the matter had been sorted out during the
Steering Committee last Friday which was attended by Mr Lissu as a
representative of the Leader of the Opposition
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