| Vision |
Mission |
| The Ministry of Finance
aspires to achieve high and sustainable economic growth and
macro-economic stability, sound financial management and
financial accountability.
|
The mission of the
Ministry is to support and promote excellence in public
financial management, budgeting, and value for money; centre
of excellence in the development of fiscal policies and
strategies; promotion of professionalism and customer focused staff; and support and promotion of IT in the public
service.
|
|
Functions |
|
Broad Functions of the Ministry include:
-
Formulation
of policy issues related to macroeconomic analysis,
fiscal, monetary and debt policy and strategy,
-
Overseeing
financial aspects of the Government interest as
shareholder in public, as well as private enterprises and
advises the Government on various issues pertaining to its
investments.
-
Preparation
of expenditure targets, review of expenditure performance,
and preparation of budget guidelines
-
Preparation
and implementing external aid policies, mobilization and
coordination of external aid and regional cooperation.
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Managing
the Government payroll
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Overseeing
all revenue and expenditure operations of the Government
|
|
Agencies/Institution |
|
Bank
of Tanzania (BoT)
Tanzania
Revenue Authority (TRA)
|
|
Financial
Institutions |
|
The
Financial sector operation in Tanzania is comprised of banking
and non-banking institutions operating under the guidance of
the Banking and Financial Institutions Act of 1991.
Banking
institutions are closely monitored and regulated by the Bank
of Tanzania.
The
sector is largely private owned by local and foreign
investors. Under the Act, banks are free to determine the
level of interest rates based on market forces. There
are:
-
20
licensed commercial banks of which 9 are foreign owned, 6
joint venture, and 5 locally owned.
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11
non - banking institutions.
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12
other financial institutions, and
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Numerous
Bureau de Changes.
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