Govt borrows Sh850bn to fill gap in national budget

The International Monetary Fund (IMF) has sounded the alarm over the huge government budget deficit, currently standing at over Sh847 billion.

The government has issued Sh100 billion to seal the gap in the 2013/14 Budget which saw the implementation of various key development projects stalled, it has been revealed.

Three events happened in quick succession last week. On Wednesday night the Karume Mchikichini market in Dar es Salaam burnt down completely leaving hundreds of hawkers, mostly the youth, suddenly jobless.

Budget constraints hinder National Service programmes
IPPmedia
Meager budgets and depleted working gears are the major factors for insufficient performance of youths at National Service and inadequate intakes, top officials assert. The training targeted Form Six leavers as well as graduates from colleges, whose intakes ...

Daily News
National Assembly pushes for regulatory Budget Act
Daily News
THE National Assembly is pushing for enactment of Budget Act that will help to provide for and regulate budgetary process in the country. The move comes amidst the country's history of not having such a legal instrument, thus making it difficult to closely ...

Treasury Cautious on 2015/2016 National Budget - Mwigulu
AllAfrica.com
Speaking shortly after meeting the Parliamentary Budget Committee in Dar es Salaam, Deputy Finance Minister Mwigulu Nchemba pledged that they had prioritized on unplugging holes that faced the 2014/2015 budget for a smooth 2015/2016 financial year.

Members of Parliament are today expected to wind up the debate on the 2014/15 national Budget estimates ready for the Finance minister, Ms Saada Mkuya Salum, and her deputies, Mr Adam Malima, and Mr Mwigulu Nchemba, to respond to their concerns.

Tomorrow Tanzanians will know how their lives are going to change in the next one year. The Finance Minister, Saada Mkuya, will deliver a 2014/15 Budget, which will, ambo other things, outline tax measures, which the government intends to implement in the next financial year.

Minister for Natural Resources and Tourism Prof Jumanne Maghembe yesterday said the government would increase budget for tourism with the aim of devising ways of attracting more tourists.