[ad_1]
This is the crucial point of President John Magufuli's last order in Tanzania. In a speech on Monday, July 23, at a conference on public sector outcomes in Dar es Salaam, the president said it was "unacceptable" that only 43 public entities had made payments to the government when "90 public institutions and businesses are required by law to pay dividends."
The edict was released despite a 586.9 percent increase in payments to public institutions in 2017/18 by compared to fiscal year 2013/14.
In the last year, the government absorbed 436.36 billion Sh dividends from 43 public enterprises, and in the 2013/14 period, total inflows It was only Sh 107.2 billion.
Nevertheless, President Magufuli believes that these gains do not reflect the total amount of payments due to the government. "Despite this positive trend," he said , "the government does not get pa s the dividends it deserves ".
According to the president, the government invested 49.05 billion shillings in public entities. This investment, he said, "does not correspond to what we (the government) have received in return."
"We need money to implement various development projects and social services."
Earlier, Treasury Director Athumani Mbuttuka attributed poor dividend payments to mismanagement and the failure of cost controls
"More than half of public entities can not pay dividends. "
" This is not a good sign, "said Mr. Mbuttuka," either they go ahead or we will not spare them. "
To this end, the The government will provide Mbuttuka's office with a larger budget and authorized hiring, according to Minister of Finance and Planning Philip Mpango, says Dr. Mpango that the government should find a way for public entities in the same sectors to share basic technologies, which should reduce their operating costs
For companies that have not paid their dues, time is running out.
According to Dr. Mpango, they run the risk of a lawsuit and their managers must "self-assess before harsh measures are taken"
.
Tanzania Communications Regulatory Authority (TCRA), with a payment of 59, 86 billion shillings for a target of 30.69 billion shillings at the top of the ranks s.
Hot on his heels. are Ngorongoro Conservat the ionic zone (NCA) with a dividend of 22.35 billion shillings for a target of 13.4 billion shillings and the authority of the national parks of Tanzania (Tanapa) who paid 34.74 billion shillings against 30.69 billion shillings
[ad_2]
Source link