Tanzania’s Prime Minister, Kassim Majaliwa on 4th April 2019 asked the parliament to approve Tshs.148.8 billion ($65 million) for the Prime Minister`s Office (PMO) in the 2019/2020 financial year, and also emphasized that the country`s investment climate was improving.
Out the amount that the premier asked for, recurrent expenditure is expected to take up Tshs.86.2 billion ($37.4 million) while development expenditure is allocated Tshs.62.5 billion ($27.1 million).He also requested the National Assembly members to approve Tshs.124 billion ($53.9 million) for the Parliamentary Fund whereby Tshs.116.5 billion ($50.6 million) is for recurrent needs and Tshs.7.6 billion ($3.3 million) is development expenditure.
The premier also told the assembly that government efforts to create a conducive environment to attract investors are paying off, as by February 2019 the Tanzania Investment Centre (TIC) had attracted 145 new projects worth Tshs.4.2 trillion ($1.84 billion). He further stated that while local and foreign investors were controlling 72 per cent and 26 per cent of the projects respectively, a small remaining share falls under the joint venture category, and around 15,491 jobs were created out of the new investments. He also questioned Tanzania Revenue Authority`s (TRA) use of force and intimidation when it came to tax collection citing the foul cries by the taxpayers.
He emphasized that following the various measures that the government has been taking to convince investors to consider Tanzania as the best destination for investment, several reports indicate that Tanzania stands at the top of East African countries in attracting investors. On the basis of the United Nations Conference on Trade and Development (UNCTAD) 2018, Tanzania attracted investments valued at Tshs.2,7 trillion ($1.18 billion) followed by Uganda at Tshs.1.6 trillion ($700 million). The African Investment Index 2018 ranked Tanzania at number 13 in attracting investors out the 54 African states.
He also encouraged Tanzanians to grab the abundant available opportunities by investing in production of goods citing the government`s massive investment in infrastructure.
On the coming 2019 civil polls, which will be the sixth since the introduction of multiparty democracy in 1992, Mr. Majaliwa told the house that the government has already started preparing for them. He stated that the government has already completed the verification exercise on areas where the elections will be conducted in all the 185 district councils worldwide, and that the verification exercise aims at establishing accuracy on the areas and seeing how best to allocate budgets for the respective polling centers.
Also read: Tanzania unveils financial plan 2019/2020