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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Ministry of finance: a ten year summary
Author:Jamal, A.H.
Periodical:Tanzania Notes and Records
Geographic term:Tanzania
Subjects:government departments
public finance
Abstract:The primary role of the Tanzanian Ministry of Finance during the first ten years since Independence in 1961 was to pursue various fiscal and monetary policies with the central purpose of mobilising, conserving and allocating available resources so as to maintain existing services and devlop new ones in accordance with the development plan and national aspirations. A table shows that since Independence both government recurrent revenue and expenditure increaced fourfold. The Ministry of Finance, besides raising the necessary revenue to finance government recurrent and development expenditure, also had to mobilise adequate investment finance for parastatal projects. There were four areas of major concern to the Ministry of Finance: formulation of fiscal and monetary policy; efficiency of expenditure; allocation of government resources through formal budget management; revenue administration through taxation, borrowing, external aid and user charges. The guiding principles for policies to be pursued by the Ministry were those set in the second five-year development plan.