Parliament set to debate government budget crisis

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Jun 10, 2014
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Dodoma.-Parliament reconvenes today with MPs scheduled to debate the current government budget funding crisis.

The Prime Minister, who is the leader of government business in Parliament, is expected to present a progress report on the revenue and expenditure plan for the first and second quarters of the 2014/15 financial year before the House debates it.

While not entirely uncommon, it will be the first time in recent years for Parliament to debate the government budget midstream.

Parliament is also implementing a new budget system in which the assembly wants to play a more critical role in how the government expends the money approved by MPs.

The debate of the budget comes in the wake of growing concerns that major projects and critical public programmes may be seriously disrupted owing to a revenue shortfall.

A statement released yesterday by the office of the Clerk to the National Assembly indicated that the House will discuss and advise the government on the budget, sources of revenues and recommendations on implementation amid concerns that the government was struggling to meet its obligations.

The government budget has taken a knock early in the year following the withholding, by the donors, of nearly Sh1 trillion in general budget support (GBS) over the IPTL scandal. They have vowed not to release the money until the CAG report is made public. Tanzania Revenue Authority is also said to be behind target in tax revenue collection.

According to the statement, a number of other issues will be discussed but there was interestingly no indication whether the House will receive and debate the much awaited IPTL investigations report.

The Clerk to the National Assembly listed various bills and protocols which will be tabled for debate and adoption in a session that will last until November 28.


Source: The Citizen
 
I hope our MPs will take the Ministry of Finance and Mr. Ineffective Beno to task over the exchange rate crises.

please dont agree to any lame excuses! Its a crises caused by the government and the central bank!
 
Fuel prices have only dropped by only 0.66% while world oil prices have dropped by more than 25%! One the key reasons? Rapid depreciation of the shilling! What has the central bank done? Nothing nothing nothing!
 
N bring back our iptl money! Its to support the wananchi! We cant even take advantage of falling oil prices!

I hear MSD does not have the financial means to supply drugs! Guess what! a 60 shilling depreciation on a usd 10m purchase of medical supplies will lead to a purchasing power loss of 600m!

And now you claim you have no money!

Wake up CCM!
 
Aibu kweli! Fuel prices have only dropped by only 0.66% while world oil prices have dropped by more than 25%! One the key reasons? Rapid depreciation of the shilling! What has the central bank done? Nothing nothing nothing!


Members of parliament should ask nothing less than firing the BOT governor; the dude has failed and he is a disgrace!! He has totally failed to manage the economy, for look no further than the depreciation of our shilling!!
 
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