President upbeat on economic growth

[TanzActive]

Hayo mahesabu ya Inflation rate kuwa 9% uwongo wa mchana kweupe hepu angalieni

S/No MWAKA 2006 2007
Bidhaa Bei Bei Ongezeko (%)
1 Mkate Mdogo 400 600 50,00
2 Nauli 200 300 50,00
3 Lunch 1800 2500 38,89
4 Nyama 2400 3000 25,00
5 Mafuta kula(sundrop) 4500 8000 77,78
6 Mkaa Gunia 12000 20000 66,67
7 Maji (Ndoo) 150 200 33,33
8 soda 200 350 75,00
9 Mineral water 300 400 33,33
10 Nyumba ndogo (2 bedrooms)100000 150000 50,00
11 Sembe 300 450 50,00

jamani kinachonishangaza ni kwamba commanding power ya sh imeshukua kwa wastani wa 50% sasa hii inflation ya 9% inatoka wapi ?
nielimisheni

 

[Mkandara]

jamani kinachonishangaza ni kwamba commanding power ya sh imeshukua kwa wastani wa 50% sasa hii inflation ya 9% inatoka wapi?

Swali zuri sana! na ndio maana nikauliza kuwa lini Tanzania tumeweza kweli kushusha inflation hali currency inayotumika as medium of exchange ni Tsh yetu inayoshuka nguvu kila siku, bei za bidhaa zinazidi kupanda na mishahara ya wananchi haipandishwi kulingana na mshuko huo?..

 

[Jasusi]

Mkandara,
Bado tunalipia hela ambazo akina RA walichota Benki kuu kugharimia uchaguzi wa 2005. Ndiyo maana shillingi inazidi kuporomoka.

 

[William J. Malecela]

Bado tunalipia hela ambazo akina RA walichota Benki kuu kugharimia uchaguzi wa 2005. Ndiyo maana shillingi inazidi kuporomoka.

Duh! JF kwa vichwa bwana, sentensi moja tu darasa kibao yaaani isingeweza kusemwa better than this!

 

[Rev. Kishoka]

If we are upbeat, mbona Gvt spending na borrowing ni kubwa? je watalipa vipi ikiwa mapato ni madogo?

Govt heavy borrowing putting pressure on inflation

2007-12-24 09:40:30
By Perege Gumbo and Morris Lyimo

Heavy government borrowing from domestic financial institutions in the last quarter has been cited as one of the chief causes of rising commodity and service prices in the economy.

Since August, inflation has been threatening to reach the single digit ceiling, based on the Bank of Tanzania (BoT) October report which indicates that it rose from 7.8 per cent in August to 8.3 in September this year.

And, latest survey by the National Bureau of Statistics (NBS) has no good news either it says inflation worsened last month, having reached 7.3 per cent when compared to same period last year.

The inflation pressure is building up against the backdrop of increasing government?s deficit spending, worst of it on the recurrent equation of its budget.

For instance, the BoT report confesses that total resources that were made available for the government budgetary operations during August amounted to 346.9bn/- out of which 276bn/- was domestic revenues and 70.9bn/- was grants from development partners.

However, total government expenditure exceeded by far the resources collected during the month, as it expended 704.5bn/-, out of which development expenditure was 440.5bn/- while recurrent expenditure was 264bn/-.

``This level of expenditure exceeded resource envelop by 357.6bn/-, the government financed the deficit by borrowing 359.9bn/= from foreign sources``, it reads in part.

Likewise, in September government`s total resources that were available for its budgetary operations amounted to 536.2bn/- out of which the domestic revenue was 326.4bn/-.

During the month under review, the total expenditure was 563 bn/- out of which development expenditure was 277.7bn/- while recurrent expenditure amounted to 285.3bn/-.

The BoT report clearly shows that during the month of August the government financed the deficit by borrowing 359.9bn/- from foreign sources while in September the deficit was financed by borrowing 65.7bn/- from both domestic and foreign sources.

Domestic borrowing is carried out mainly through the sale of government papers, like Treasury bills and bonds.

According to the National Consumer Price Index (NCPI), inflation rate for November went up because some prices of both food and non-food items had gone up, especially in the categories of soft drinks, mineral water and konyagi.

Food items whose prices were increasing include rice, maize grain, maize flour, wheat flour, bread, spaghetti, cassava, potatoes, cooking bananas, vegetables, meat, cooking oil and coconuts.

The non-food items whose prices are going up include clothing, furniture, hair creams, bicycles, car batteries and umbrellas.
However, prices of scrubbing brushes, water buckets, radios and TV had gone down.

The increase in inflation seems to be a public concern particularly because prices of essential items continued to increase almost daily, making many to doubt government figure on the current inflation.

Some businessmen and academicians think that apart from government borrowing that is putting pressure on inflation, rising global prices were also to blame.

Basil Saprapasen, former Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) vice president and businessman said that despite excellent work done by the Tanzania Revenue Authority (TRA) to collect increased collections, this will have no or little impact on the economy as most of it is usurped through recurrent expenditure.

Meanwhile, a survey by our correspondent has proved that food prices in most Dar es Salaam based markets have sharply increased beyond the purchasing power of most ordinary city dwellers.

The surveyed markets include Mwenge, Kawe, Kariakoo, Temeke Stereo and Ilala and also various shops show that the prices doubled starting second week of December this year.

The food items whose prices have gone up include rice, wheat flour cooking oil, beef and fish.

High food prices notwithstanding, a total of 54,415 metric tonnes of maize, 6,482 and 4,339 metric tonnes of beans and rice respectively were exported to neighbouring country, according to the recent study conducted by Regional Agriculture Intelligence (RATIN).

To enhance food security, the Nationa Strategic Grain Reserve has purchased 82,669 metric tonnes of maize, and 1,968.387 metric tonnes of sorghum this year.

 

[Bushmamy]

Wanabodi ,

Kwa muda mrefu tumekuuwa tukisikia serikali imepata mikopo toka kwa wafadhili mbali mbali , kitu ninachojiuliza deni letu haswa ni kiasi gani kwa sasa ? na jee hili deni lina impact gani katika maendeleo ya taifa?

Uzi wa miaka huu