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"The government has invested more than $ 49 trillion in various businesses and public institutions, but has received peanuts in return.The 90 public institutions registered are expected to pay dividends each year," he said. declared the president.
Speaking in Dar es Salaam before receiving a total of 723.91 billion / – in dividends from 43 companies and public entities, Magufuli attributed the increase in dividends received until now in the 39th. 2017/2018 fiscal year to the stringent measures of his government to control the tax evasion and corruption.
The amount of dividends paid by public institutions to the government has almost tripled since 2016/2017, while only 249.3 billion euros had been collected. This, in turn, represented a sharp increase over the $ 130.6 billion in dividends received in 2014/15.
According to the president, many public entities still do not work well due to fundamental factors such as mismanagement, embezzlement and outright corruption.
He issued another warning to these entities about the madness of committing a crime by declaring assets, profits, management fees and operational costs. He also expressed the government's "concern" to continue working with the private sector, but insisted that "trade must be more transparent."
Many private companies refuse the proceeds he claimed that "the Bank of Tanzania (BoT) should ensure that it registers all foreign sector private loans to control gross under-reporting of profits by the companies. "
The Tanzania Revenue Authority (TRA) is reported that the government has broadened the government's tax base, which has increased the monthly revenue recovery from $ 850 million to $ 1.3 trillion. dollars. Annual revenue collection has increased from 14 billion / – in 2015/2016 to 15.5 billion / – in the 2016/2017 financial year.
Yesterday, Magufuli distinguished three public entities – the Ngorongoro Conservation Area Authority (NCAA), the Tanzania National Parks Authority (TANAPA) and the Communications Regulatory Authority. of Tanzania (TCRA) – for exceeding their dividend targets.
The NCAA returned 22.35 billion / – compared to the forecast of 13.24 billion / -; TCRA paid 59.8 billion / – compared to the expected 30 billion / -; and TANAPA paid a dividend of 34.74 billion / – compared to 30.77 billion / – projected.
Treasurer-clerk (TR) Athumani Mbuttuka has given new investors to unprofitable or non-functional public entities until the end of next month to revive businesses and complete outstanding payments in accordance with contracts signed with the government
.
"At least three of these investors have so far admitted to not having developed their investments," Mbuttuka said.
He added that only 20 out of 85 privatized firms and industries are doing well, according to a recent study. Moreover, 51 are not operational, while 14 are lagging behind. According to Mbuttuka, another 158 institutions continue to rely solely on government grants.
Other public entities that were recognized yesterday as having paid dividends to the government included the Dar es Salaam Water and Sanitation Authority (DAWASA – 3.4bn). / -), the Tanzania Ports Authority (TPA – 124.2bn / -), Puma Energy Tanzania Limited (9bn / -), the Tanzania Bureau of Standards (TBS – 15.6bn / -), the Tanzanian Authority for l & # 39; 39; Food and Drugs (TFDA – 9.2bn / -) and the Tanzanian Civil Aviation Authority (TCAA – 7.2 billion / -). 19659002]
Of others are the Agency for Registration and Authorization of Enterprises (BRELA – 5.7bn /), the Energy Regulatory Authority and Water (EWURA – 7bn /), Tanzania Plantation Company (13.4bn / -), NMB Bank (10.1 bn / -), Tanzania Cigarette Company (TCC – 1.1bn / -), Kilombero Sugar Company ( 983.7m / -), Social Security Regulatory Authority (SSRA – 2bn / -) and Fair Trade Commission (FCC – 5bn / -)
According to Davis Mwamunyange, Chairman of the Board of DAWASA, the authority is committed to improving the delivery of its services and improving revenue collection. o to increase its contribution to the coffers of the government
"The 3.4 billion / – that we handed over to the government this year are not enough … we will give more money in the years to come since we have a number of strategies to improve the business and availability of safe and clean water for Tanzanians, "said the retired Chief of Defense Forces (CDF)
.
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