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| Finance and Planning Minister, Dr. Mwigulu Nchemba. |
President Samia Suluhu Hassan’s regime has set a new record in budget implementation that reached 93.6 per cent by last month with four months remaining before the next fiscal year begins.
The Minister for Finance and Planning, Dr. Mwigulu Nchemba said on Wednesday the budget implementation reached an all-time high in this fiscal year, merely a year since President Samia took office.
“Budget implementation on average reached 93.6 per cent at the end of last month with four months at hand before the next fiscal year begins…this is an impressive record in President Samia's first budget,” said Dr Nchemba.
Minister Nchemba said some region and district councils have received above allocation of up to 160 per cent for development projects.
“This is the highest budget implementation for a government that has been in office for just a year.
“The implementation achieved was a result of tax increase and other funds as per Finance Act,” Dr Nchemba told journalists here when telling the success story of President Samia’s regime in one year.
The tax collection has reached 93.5 per cent equals 15.9tri/- at the end of February, 2022 out of 17tri/- targeted. In December last year, the taxman collected the historical highest level of 2.5tri/-.
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