Mung Chris
JF-Expert Member
- Sep 12, 2017
- 3,367
- 3,778
Wakuu kama ilivyo postiwa na Zitto KWA UFUPI TU na Kwa sentensi chache sana wametoa kile walicho baini, mapendekezo, ushauri na cha kuzingatia ni kama ifuatavyo:
Ukurasa 1.
KILICHOTOKEA NI KWAMBA KUMEKUWA NA
Inefficiencies in fiscal management have led to a build-up of expenditure arrears and delays in VAT refunds.
This backlog has also
The country faces significant development challenges:
USHAURI WALIO UTOA NA MAPENDEKEZO
Outlook and risks
Tanzania could achieve robust economic growth if
Reforms to support inclusive, private sector-led growth and financial stability Reforms should
Ukurasa 1.
KILICHOTOKEA NI KWAMBA KUMEKUWA NA
Inefficiencies in fiscal management have led to a build-up of expenditure arrears and delays in VAT refunds.
This backlog has also
- contributed to higher non-performing loans,
- contributed to rising of financial sector vulnerabilities, and
- contributed to a slowdown of credit to the private sector.
The country faces significant development challenges:
- A large infrastructure deficit,
- insufficient human capital,
- Poverty, and
- Underemployment.
USHAURI WALIO UTOA NA MAPENDEKEZO
Outlook and risks
Tanzania could achieve robust economic growth if
- policies focus on growth-enhancing public investments and on
- it improve fiscal management and the business environment, all of which could increase competitiveness and leverage much-needed private investments.
- Delays or little progress in implementing structural reforms,
- unpredictable and interventionist policies,
- and a rushed scaling-up of public investments that may not have a high rate of return will have a detrimental effect on growth and development.
Reforms to support inclusive, private sector-led growth and financial stability Reforms should
- Focus on nurturing the business climate by aligning laws and regulations with those applied in competitive economies,
- implement a schedule to clear government spending arrears and VAT refunds, and
- Ensure that no new arrears are incurred.
- prioritize public investments with the highest payoff as determined by high quality assessments,
- Clear arrears in the electricity sector and
- Move forward with reforms that can increase distribution efficiency and connectivity,
- Increase private sector participation and reliance on market mechanisms in agriculture,
- Revisit education and visa policies to ensure the availability of required skills in the labor force,
- Reduce vulnerabilities to corruption, and
- Close gender gap.
- It will be important to reduce vulnerabilities in the banking sector by following up on the recommendations of the recent Financial Sector Stability Analysis and
- It will be important to ensure exchange rate flexibility to absorb shocks and support the transition to an interest rate-based monetary policy framework.