Zitto na Demokrasia

Zitto na Demokrasia

Budget Highlights

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In the year 2010/11

  • Total Govt. Expenditure would jump to 11.6 trillion Tanzanian shillings ($7.9 billion) from 9.5 trillion last year.
  • The government plans to collect domestic revenue … equivalent to 17.3 per cent of GDP, compared with 16.4 per cent of GDP in financial year 2009/10
  • The government would finance its deficit through 2.1 trillion shillings in domestic and external borrowing
  • The government expects to raise 30.0 billion shillings through selling some of its shares in the NBC Limited
  • Fuel exemptions to mining companies reinstated. Blunder!
  • Some good measures on agro business, cashew (2.3 pc of exports) processing protected
  • 1 pc reduction in personal income tax to low income earners
  • Mining sector grew by 1.2 pc only last year. It grew at the rate of 16 pc in 2005. What’s a drop?
  • Ring fencing in the mining sector introduced
  • VAT reliefs for agri and agro business

Written by zittokabwe

June 12, 2010 at 12:18 PM

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