In setting out PMO expenditure priorities in the next financial year, the premier emphasised the need to strengthen sector strategies intended to transform the livelihoods of Tanzanians and achieve the country’s industrialization drive.
He said that in the next fiscal year, emphasis will be placed on stimulating an industrial and inclusive economy; fighting corruption and embezzlement of public funds, strengthening good governance; improving revenue collections and delivery of social services.
The National Assembly was asked to approve 116.78bn/- out of which 93.30bn/- is for recurrent and 23.48bn/- for development expenditure
The premier also requested MPs to approve 128.87bn/- for Parliament Office, of which 121.86bn/- is for recurrent expenditure and 6.99bn/- for development needs.
Next fiscal year’s budget plan focuses on attaining the Third Five-Year Development Plan (2021/2026), directed at promoting industrialisation agenda so as to boost the country’s economy, he stated.
“Our focus is to ensure that we invest heavily to stimulate a competitive and inclusive economy which entails improving the trade and business environment to attract investments, strengthen production in factories and delivery of social services,” he said.
In implementing the next budget, PMO will heighten supervision to ensure that priorities aimed at improving the country’s economy, stability, establishing industries and improving the country’s investment environment are assured, he stated.
PMO targets to invest heavily in improving social services that directly touch the lives of ordinary people, with such sectors as water, electricity, health, education and transport expected to undergo structural alterations to be more accessible to the majority of the people, he stated.
On July 1 the government will embark on the implementation of the 114.8trillion/- Five Year Development Plan (FYDP-III), bent on stimulating a competitive and inclusive economy in line with the 2025 Vision.
The development plan’s overall goal is to see the country’s economy growing by 8.0 percent annually by 2026, he said, noting that the plan aims to further strengthen cooperation with the private sector to facilitate creation of millions jobs needed n the medium term.
Experts say the plan seeks to transform the economy from a low productivity agricultural economy to an industrialised model based on modernization of the agricultural sector.
The premier outlined achievements of the fifth phase in this financial year, citing higher employment, high economic growth, wider economic empowerment, stability in defence and security, judiciary reforms, improved international relations and other areas.
As of February 2021, a total of 594,998 job opportunities had been created during the fifth phase, with 314,057 openings in the public sector and 280,941 job opportunities created in the private sector, he stated.
From July 2020 to February 2021, the government arrested 5,374 suspected drug dealers, impounding 67.2 kilos of heroin and 1.96kgs of cocaine, he added.