Tanzanian Prime Minister Kassim Majaliwa unveiled budget estimates of his office for the 2017/2018 fiscal year revealing abolishment of levies and fees on cotton, tea, coffee and other cash crops.
Majaliwa said this will boost up the agricultural sector and it is in line with the pledge of current government to farmers.
The government had earlier improved the warehouse receipt system.
The PM recalled the government’s fight against corruption and drug abuse move. He added a strong and competitive economy will also be built with the measures taken.
Tanzania is currently aspiring of becoming a semi-industrial middle income country.
He promised strong fiscal year to follow in the second term of John Magufuli government.
In his first year the Magufuli government has managed in increasing the revenue collections and has made provisions for free education at primary as well as secondary level.
The minister added improved economy could be seen and public funds are managed in good way now. The government has also achieved success in relocating the capital to Dodoma.
Tanzania’s inflation rate is in single digit under the new government and last year it was 5.2 percent. In 2015 the inflation rate was 5.6 percent.
He added the Magufuli government is pledged to continue expanding internal revenue sources and ensure all the citizens pay taxes.
Majaliwa said he had asked for the approval of 171,664,055,000 for his office with 74,643,339,000/- recurrent expenses and 97,020,716,000/- for development.
In coming year the primary focus of the government will be to strengthen areas like social services and economy.
