SPEECH BY THE MINISTER FOR FINANCE HON. BASIL P. MRAMBA (MP), INTRODUCING TO THE NATIONAL ASSEMBLY THE
ESTIMATES OF GOVERNMENT REVENUE AND EXPENDITURE FOR THE
FINANCIAL YEAR 2001/2002 ON 14TH JUNE, 2001.
3.
Mr. Speaker, the preparation
of this budget involved a wide range of stakeholders and institutions.
Let me take this opportunity to thank the staff of President’s Office
Planning and Privatization, all other Ministries, Government Departments,
Regions and Councils, and other National Institutions for their valuable
contribution to the preparation of this budget.
I would like to thank the Ministry of Justice and Constitutional Affairs
for preparing the bills and notices for this budget.
I would also like to express my gratitude to my colleagues in the
Ministry of Finance, in particular, the Deputy Minister for Finance Hon.
Abdisalaam I. Khatib (MP), the Permanent Secretary Mr. Peter J. Ngumbullu,
Deputy Permanent Secretaries Mr. Peniel M. Lyimo and Mr. Gray S. Mgonja, and all
heads of department and staff of the Ministry of Finance.
Last but not least, I would like to thank the Government Printer for the
timely publication of this budget speech, other books and
bills related to this budget.
4.
Mr. Speaker, as we are winding
up the 2000/2001 fiscal year, we note with sorrow that we have lost five members
of Parliament, namely, the late Hon. John Ndugulile Mgeja who was Member of
Parliament for Solwa, the late Hon. Bhikhu Mohamed Bhikhu who was Member of
Parliament for Solwa, the late Hon. Ernest Nyanda who was Member of Parliament
for Busega, the late Hon. Prof. Chrispin Hauli who was Deputy Minister for
Finance and Member of Parliament for Ludewa, and the late Hon. Abbas Gulamali
who was Member of Parliament for Kilombero.
May Almighty God Rest their souls in Eternal Peace.
5.
Mr. Speaker, this is the first
Budget Session after the October, 2000 general election in which the President
and Members of Parliament were elected. Chama cha Mapinduzi (CCM) won a
landslide victory. This is the
first budget speech following the general election which aims at implementing
the manifesto of the Ruling Party – CCM.
I would kindly request you Honourable Members of Parliament to receive it
with trust and confidence.
REVIEW OF IMPLEMENTATION OF BUDGETARY POLICIES FOR 2000/2001
7.
Mr. Speaker, the collection of government revenue during July 2000 -
March 2001 reached Tshs. 686,316 million compared to projection of Tshs. 647,209
million for the same period, reflecting an increase of Tshs. 39,107 million over
the target. The likely outturn for
end June, 2001 has been revised to Tshs. 912,906 million compared to the budget
estimate of Tshs. 861,402 million. This
is Tshs. 51,504 million or 6 percent above the original target.
8.
Mr. Speaker, the Government has maintained the cash budget system
during the fiscal year 2000/2001, for effective control of expenditure and
efficiency in the use of public funds. Effective from December 2000, the
Government started releasing funds for recurrent expenditure to priority sectors
on a quarterly basis instead of monthly. This
approach has enabled priority sectors to be assured of availability of funds for
effective planning of their expenditures. During this financial year, the
Parliament enacted two laws for revenue and expenditure management regarding
audit, and procurement. These are
The Public Finance Act 2001 and The Public Procurement Act 2001, replacing the
Exchequer and Audit Ordinance of 1961. The
Acts which will become operational from July 2001, aim at further improving
supervision, control and auditing of public funds and acquisition of goods and
services by the Government. A further development during the year under review
is that accounts of all Ministries are now connected to the computer network
-Integrated Financial Management System, (IFMS). Currently, preparations are
underway to connect all Sub-treasuries in the regions to IFMS, and the exercise
is expected to be completed soon. In addition, 28 district councils have been connected and 29
more district councils are being piloted to be on-line with a view to
incorporating all councils as soon as possible.
9.
Mr. Speaker, the budgetary allocations during 2000/2001 continued to
observe and adhere to the government’s policy of according priority to social
sectors (education, health and water), and economic infrastructure such as
roads. The October 2000 elections
were also adequately funded, and as a result problems encountered in the 1995
elections did not occur this time. Further,
the Government continued to retire verified domestic debt and as at end of March
2001, Tshs. 7,630 million had been paid to suppliers and Tshs. 45,008 million to
other domestic creditors including TANESCO, DAWASA and financial institutions.
10.
Mr. Speaker, I would like to
inform the House that all debt arrears and claims between the Union Government
on the one hand, and TANESCO and DAWASA on the other, have been reconciled and
settled. In this respect, from
January 2001 TANESCO and DAWASA do not have any claim on the Government on
account of previous utility bills from their monthly allocations.
Beginning July 2000, each Accounting Officer was required to settle
electricity, water and telephone bills from their monthly allocations instead of
the Treasury as was the case in the past.
11.
Mr. Speaker, actual total
expenditure during July 2000 - March 2001 reached Tshs. 906,905 million compared
with estimates of Tshs. 985,394 million. Of
this amount, Tshs. 736,024 million was recurrent expenditure and Tshs.170,881
million development expenditure.
It is expected that total expenditure will amount to Tshs. 1,493,899
million (1.49 trillion) for the whole year 2000/2001, slightly above the
original budget estimate of Tshs. 1, 394,588 million (1.39 trillion).
FOREIGN GRANTS AND LOANS
12.
Mr. Speaker, during the first
nine months of the year, July 2000 - March 2001, disbursements of external
assistance from the international community, including multilateral financial
institutions and bilateral donors were broadly in line with expectations.
Total disbursements for the period stood at Tshs. 353,065 million.
Out of this, Tshs. 198,218 million was realised from balance of payments
(BOP) support, multilateral debt relief fund (MDF), poverty reduction budget
support (PRBS) and special programme for the health sector and local government
(Basket Funding). The amount received under these programmes was more than the
estimate of Tshs. 154,456 million for the period. During the same period, Tshs. 118,974 million was received
for development projects, below the original projection of Tshs. 248,889
million. In addition, Tanzania received interim debt relief of Tshs. 46,062
million provided under the enhanced Heavily Indebted Poor Countries (HIPC)
initiative.
STRATEGIES FOR ECONOMIC GROWTH
13.
Mr. Speaker, during the past
five years the Government has implemented important measures under economic and
financial reforms aimed at building a strong foundation for sustainable
development. A number of strategic
initiatives have been articulated and are being implemented, drawing on Vision
2025 which sets the goals and objectives to be attained in the long-term.
14.
Mr. Speaker, the key requirement for reducing poverty is to increase
incomes of the people and to improve delivery of social services.
The only way to raise income is for our economy to grow faster than the
current growth rate of 5 percent. We
need the economy to grow at more than 8 percent per annum in real terms, then we
can be confident of a sustained basis for reducing poverty.
When the economy grows at a higher rate, the tax base for domestic
revenue expands and the capacity of government to finance poverty reduction
and other national development activities will increase.
15.
Mr. Speaker,
the main source of increasing economic growth is the revival of agriculture,
which supports 80 percent of Tanzanians. A sustainable growth rate of at least 5
percent in agriculture will have a significant impact on poverty reduction. The
Government is in the process of finalising the Agriculture Sector Development
Strategy, and my colleague, the Minister for Agriculture and Food Security, will
elucidate this further when he presents his sector budget in the House.
16.
Mr. Speaker,
another important strategy for economic growth is the promotion and
strengthening of the private sector, both domestic and foreign. The government
has been supporting private sector development since 1993 through a number of
ways, such as:
(i) Macroeconomic reforms
(ii) The Investment Acts of 1993 and 1997
(iii)
Privatization
of government owned enterprises
(iv) Restructuring of TIC to focus on
promoting investments
(v) Reform of
the taxation system
(vi) Participation of the private sector in
the formulation and development of policies such as in the financial sector, tax
reforms, communication, transportation, energy, road sector development etc.
17.
Mr. Speaker,
the Government will sustain this policy stance and further, enhance the reforms
geared towards creating a more conducive environment for investment to
facilitate growth. This will in turn contribute more to national development and
poverty reduction. Areas in which
reforms are on-going and will be accelerated, include:-
Rationalisation of the tax system.
Increasing budgetary allocations
towards infrastructure investment and maintenance such as in roads.
Continuing with reforms that will
reduce the cost of production and cost of doing business.
Implementation of key reforms in the
area of good governance.
Creating a better enabling environment
for large, medium, small enterprises and informal sector activities.
Maintaining prudent fiscal and monetary
policies to control inflation.
Creating a competitive banking
environment in order to reduce interest rate spreads and increase the ability of
financial institutions to lend to large and small borrowers. This includes
putting in place effective regulation governing micro-finance activities.
Creating an environment to enable the
formation of collective investment schemes.
Fostering regional cooperation within
SADC and East African community to widen the economic base, boost trade and
investment.
POVERTY REDUCTION
STRATEGY
18.
Mr. Speaker,
the government has prepared a comprehensive Poverty Reduction Strategy with
participation of domestic and international stakeholders. The strategy was
presented to and endorsed by the Executive Boards of the World Bank and the
International Monetary Fund in November 2000.
While we were preparing the Poverty Reduction Strategy Paper (PRSP), the
government was simultaneously implementing certain agreed activities concerning
poverty. These included: improving statistics on poverty incidence in the
country; strengthening institutional capacity for monitoring of our plans;
ensuring that the government budget is focused towards poverty reduction;
carrying out school mapping; continuing with the immunisation programme for
children; strengthening the fight against the spread of HIV/AIDS; and continuing
dialogue with other creditors in order for them to participate in the HIPC debt
relief initiative. In the meantime
Tanzania is receiving interim debt relief from the World Bank, the International
Monetary Fund, the African Development Bank Group and the Paris Club Creditors.
As mentioned earlier, as at end of April 2001 we have received a total of USD
54.6 million in HIPC relief, equivalent to Tshs. 46,062 million.
19.
Mr. Speaker,
Tanzania expects to reach HIPC
completion point before December 2001. Meanwhile, the Government is finalising
the PRSP Implementation Progress Report, which is a key requirement for reaching
HIPC completion point. Indications are that, upon reaching completion point, the
Paris Club creditors will write off all debts, while the IMF, the World Bank and
the African Development Bank Group combined will grant debt relief of over 70
percent.
20.
Mr. Speaker,
in addition to implementing specific poverty reduction measures, we must continue to implement sound
macro economic, fiscal and good governance policies. The important benchmarks
are those related to fiscal management including increasing domestic revenue;
controlling public expenditures; and improving business and investment climate,
including the tax structure, economic and social infrastructure and other
economic services.
21.
Mr. Speaker,
the National Poverty Eradication Strategy has to be accorded high priority
through the involvement and participation of civil society and the international
community, especially those development partners who have been supporting and
continue to support us. Accordingly, we must address three things:-
(i)
Set very clear and achievable national
targets;
(ii) Create a national economic environment
that stimulates national
development;
(iii)
Build a system for monitoring and
evaluation.
All these
pillars are spelt out in the National Vision 2025 and in the PRSP.
22.
Mr. Speaker,
in a nutshell, the objectives, targets, and indicators of the Poverty Reduction
Strategy do focus on three guiding principles:
(i)
Reducing income poverty
(ii)
Improving human capabilities, quality
of life, survival and social well-being, and,
(iii)
Reducing extreme vulnerability amongst
the poor
Income
poverty will be reduced by promoting activities which generate income for the
poor. This will be achieved by increasing the real value added in agriculture,
expanding traditional and modern investment for production, improving
infrastructure, especially in the rural areas, developing support mechanisms and
effective schemes for small and medium enterprises, and strengthening good
governance and the rule of law. Non-income
poverty is a result of lack of basic education, bad health and social well
being. In order to improve human
capabilities, it is important to ensure equal access to at least primary
education, good health, the provision of clean and safe water, food security,
nutrition, and safeguards against HIV/AIDS.
23.
Mr. Speaker,
bearing in mind the depth of poverty, and the fact that the private sector
is still weak, the financing of the poverty reduction strategy will continue to
be the responsibility of the government through the budget. The main source of
financing will be domestic revenue bolstered by assistance from our development
partners, including concessional borrowing from international financial
institutions, and HIPC relief.
24.
Mr. Speaker,
at the moment we are still not sure exactly what the full cost of financing
the poverty reduction programme will be in future.
This is partly because some key sector strategies like the Agricultural
Sector Development Strategy and the Rural Development Strategy are still being
finalised. However, there is no
doubt that the requirements will be in excess of available resources, and
therefore, the need to strengthen domestic revenue base, improve public
expenditure management as well as maintaining the good relationship we have with
our development partners, and all others who support our development
endeavours.
OBJECTIVES
FOR 2001/2002 BUDGET
25.
Mr. Speaker,
as I mentioned earlier, the thrust of the 2001/2002 budget is to implement the
election manifesto of the ruling party which in general focuses on sustaining
macroeconomic stability and at the same time increasing budgetary outlays to the
priority sectors for poverty reduction. The overall economic, revenue and
expenditure targets for the year 2001/02 are given below:
(i) To increase growth rate of the economy
to 5.9 percent in 2001 and 6.2 percent in 2002. Economic growth in 2001 will be
spurred by favourable weather conditions and the measures that I explained
earlier.
(ii) To reduce inflation (the rate of
increase in cost of living) from 4.9 percent expected at end - June 2001, to 4.4
percent by end - June 2002.
(iii) To target the budget deficit (before
grants and foreign financed projects) at 3.1 percent of GDP, higher than that
expected during the current fiscal year (1.2% of GDP).
The increase in the projected fiscal deficit reflects the need to
increase expenditure allocations to priority sectors for poverty reduction.
These expenditures are for primary education, health, water, rural roads,
agriculture, judiciary, and control of HIV/AIDS.
(iv) To increase total government expenditure (excluding foreign - financed
development projects) from 13 percent of GDP (2000/01) to 15.2 percent of GDP
for 2001/02; with non-wage expenditure
for priority sectors increasing by 28 percent.
Wage bill will increase by 10 percent.
(v) To expand the tax base so that tax revenue to GDP ratio increases to 12.1
percent in 2001/2002.
(vi) To maintain foreign exchange reserves at a level equivalent to at least 4
months of imports of goods and services. Currently foreign exchange reserves
stand at Tshs. 900,000 million, equivalent to USD 1 billion.
Revenue Policies
26.
Mr. Speaker, revenue policies for 2001/2002 are aimed at
consolidating tax reforms which began in recent years, including expanding the
tax base, improving tax administration, to enhance voluntary compliance, and
eliminating tax evasion by unscrupulous traders.
27.
Mr. Speaker, appropriate tax policies are necessary for the following
reasons:
(i)
the need to raise revenue to increase government capacity to finance
economic infrastructure, social services, law and order, and to service
national debt.
(ii) the need to put in place a tax administration that minimises the cost of compliance.
(iii) the need to improve the country’s international competitiveness.
(iv) the need to put in place a predictable tax system.
(v) to provide special tax inducement for selected sectors such as agriculture, and avoid imposing a heavy burden on the poor.
28.
Mr. Speaker, these underlying objectives of tax policies are embodied
in the new revenue measures, which I will present shortly.
Expenditure Policies
29.
Mr. Speaker,
in the fiscal year 2001/2002 expenditure
policies are geared towards the
government’s commitment of reducing poverty, as I highlighted earlier.
However, increased allocation
of resources to priority sectors will have the desired effect
only if they are managed properly. In
this connection, the government will implement fully the Public Finance Act and
the Public Procurement Act, both of which will become effective from 1st
July 2001. Further, the Government
will restrain from building up of new arrears which result from unauthorised
borrowing through procurement of goods and services by some government
institutions. The Integrated Financial Management System (IFMS) is now
operational in all the Ministries and has been extended to the regions in order
to capture revenue and expenditure information on a real-time basis. The goal is
to extend the system to all district councils. The Cash Budget system will be
maintained with priority sectors given cash funds on quarterly basis, and other
sectors continuing to receive funds on monthly basis, with indications of likely
availability of funds in subsequent months. These changes to the cash budget
system are directed towards helping Accounting Officers to enhance cash flow
planning and induce discipline in terms of planning and execution.
The system of cash budget has improved discipline in public finance
management, and has reduced misuse of funds which was rampant in the past.
30.
Mr. Speaker, another area
where public resources have not been used properly and where immediate attention
is required is in respect of special funds.
These include the Agricultural Input Fund, the Youth Fund, the Women’s
Fund and others. We all know that
loans advanced to beneficiaries from these funds are not recovered, such
situation renders the sustainability of the funds impossible.
A new procedure for managing such funds is under preparation.
This will involve using domestic banks to manage the funds on behalf of
the government within the context of micro-finance regulations. In this regard
there will be no disbursement under these funds until a new management system is
put in place.
31.
Mr. Speaker,
in order for a country to plan its development effectively, it is important to
have accurate information on the population of its citizens. Our country has not
conducted a population census for more than 10 years.
In this case, we plan to conduct a population census across the whole
country in August 2002. Preparations
for the census have to start now, and therefore the 2001/2002 budget has
allocated Tshs. 8,000 million to finance the preparations for the exercise.
This exercise is of great importance, and I take this opportunity to
appeal to all citizens to register themselves in order to ensure its success.
CIVIL SERVICE WELFARE
32. Mr. Speaker, the Government recognises the unsatisfactory living
conditions of public servants due to low pay. This situation not only lowers
employees’ morale and productivity in the work place, but it also leads some
of the public servants to involve themselves in dubious behaviour such as
soliciting bribes and embezzlement of public funds. To address this problem, the Government has allocated funds
for salary adjustment in the 2001/2002 budget.
The amount set aside for this exercise is Tshs. 30,000 million.
The Civil Service Department will provide details of the adjustment after
completion of analysis. With regard
to Pensioners, it is intended to increase the minimum entitlement by 20 percent. Also during the coming fiscal year, following completion of
the necessary preparations, the Government will implement the health insurance
scheme for civil servants. Under this scheme, employer and employee each shall
contribute 3 percent of the employee's salary towards health insurance.
The arrangement will be effective from 1st July, 2001 and the
Government has made provision of Tshs. 11,000 million in this budget.
Education Fund
33.
Mr. Speaker, in April, 2001
this House passed the law establishing the Education Fund with the objective of
supporting higher education. One of
the functions of this Fund will be to sponsor children from extremely poor
families. The Minister responsible for higher education will
issue regulations and guidelines on the management of this Fund.
In this budget to begin with, the Government has set aside Tshs. 5,000
million for this purpose.
Foreign Loans and Grants:
34.
Mr. Speaker, despite the government’s efforts to increase domestic
revenue collection, the expected amount is still inadequate to finance basic
needs of the budget. The Government
will therefore continue to need assistance in the form of grants and
concessional loans from our international development partners.
35.
Mr. Speaker, the donor
community is impressed by what Tanzania has achieved so far and has indicated
its willingness to continue providing assistance. Implementation of the Poverty
Reduction and Growth Facility (PRGF) sponsored by the IMF has entered its second
year. Under this facility in the
year 2001/2002, USD 51.6 million or Tshs. 46,440 million is expected to be
disbursed. This disbursement will
augment our foreign exchange reserves and enhance our ability to import goods
and services and service remaining external debt.
Additionally, the World Bank is expected to disburse two floating
tranches amounting to USD 80 million or Tshs. 72,000 million under the
Programmatic Structural Adjustment Credit (PSAC) during 2001/2002.
It is estimated that the African Development Bank (AFDB) will disburse
USD 25.0 million or Tshs. 22,500 million during the fiscal year.
36.
Mr. Speaker, in addition to concessional loans from international
financial institutions, Tanzania expects to benefit more from the enhanced HIPC
debt relief as soon as we reach HIPC completion point, estimated at USD 100
million, equal to Tshs. 90,000 million per annum.
Moreover, in the year 2001/2002 we expect our donors to continue to
support Tanzania and projections show that grants amounting to USD 225 million
or Tshs. 202,500 million, through the Poverty Reduction Budget Support and
Basket Funding mechanisms will be disbursed.
We project USD 336 million, equivalent to Tshs. 302,272 million to be
disbursed, for development projects.
37.
Mr. Speaker, I would like to request Honourable Members of Parliament
to join me in sincerely congratulating H.E. Mr. Benjamin William Mkapa, the
President of the United Republic of Tanzania on behalf of the people of
Tanzania, particularly the poor, for his personal effort which has contributed
immensely in boosting Tanzania’s relation with the international community.
His emphasis on prudence in economic management and raising Tanzania’s image
abroad as one committed to development, democratic principles, openness,
transparency and good governance, has greatly raised Tanzania’s status.
Tanzania is among the first four HIPC countries to have developed a
pragmatic and full poverty reduction strategy endorsed by the international
community and thereby accelerating her qualification for debt relief.
THE STRUCTURE OF 2001/2002 BUDGET ESTIMATES
38.
Mr. Speaker, as I said
earlier, the budget for 2001/2002 has the main objective of implementing the
ruling party’s election manifesto, which regards poverty eradication as its
top priority. Based on economic
policies explained earlier by the Minister of State, Planning and Privatisation,
and those that I explained; and on the basis of existing tax structure; the
Government projects revenue collection totalling Tshs. 991,198 million in fiscal
year 2001/2002. On the other hand,
the government intends to spend Tshs. 1,764,737 million (1.76 trillion).
39.
Mr. Speaker, with revenue
projected at Tshs. 991,198 million on
existing structure, and expenditures estimated at Tshs. 1,764,737 million, a gap
of Tshs. 773,539 million emerges. For the year 2001/2002 external assistance in
form of grants and concessional loans including debt relief is projected at Tshs.
649,643 million. Of this, Tshs.
283,770 million are loans and grants that will be channelled through the budget
under the various programmes, Tshs. 63,600 million will be saving from HIPC debt
relief, and Tshs. 302,272 million loans and grants for development projects. It is noted that some of the donors continue to provide
assistance channelled outside the government budget. It is the aim of the Government to ensure that all donor
assistance is channelled through the exchequer system.
Contributions from external assistance will reduce the projected gap to
Tshs. 123,896 million.
40.
Mr. Speaker,
the Government intends to draw down its reserve accumulated in the current
fiscal year by Tshs. 69,910 million. In addition, the government expects to
realise Tshs. 20,000 million from sale of some shares in previously divested
parastatal enterprises. This will reduce
the gap to Tshs. 33,986 million, which will have to be covered from new revenue
measures.
REFORM
OF THE TAX STRUCTURE AND NEW REVENUE MEASURES
41.
Mr. Speaker, in an effort to improve the tax structure, fees and tax
administration, it is proposed to make a wide range of amendments in the tax
system. The purpose of the
amendments, which I am proposing, is to ensure realization of the objectives
which I explained earlier. These
objectives include achieving the government revenue target set in this budget;
rationalising the tax regime; reducing inconveniences and nuisances to tax
payers; putting in place a conducive environment for better utilization of human
and other resources in priority areas in the economy such as agriculture,
industry, tourism, mining and trade. Moreover, the reform of the tax system will greatly assist
our Poverty Reduction Strategy.
42.
Mr. Speaker, the Government is
proposing to make changes in the following areas:
The Customs Tariff structure
The Income Tax structure
The Value Added Tax structure
The Excise Tariff structure
Introduce a new Tax on Games of
Chance
Local Government Levies and Fees
Amendment to various legislations
Airport Service Charge
Land Rent on commercial farms
Levies and Fees collected by the Central Government
The Customs Tariff Structure
43.
Mr. Speaker, concerning the customs tariff structure, the following
amendments are proposed:
(a)
The non-zero import tariff bands be reduced
to three from the current four. As
a result of this proposal, the new rates of import duty compared with current
ones will be as follows:-
|
Current
Tariff Rate |
Proposed
Tariff Rate |
Description of Goods |
|
0% |
0% |
Inputs
for agriculture, animal husbandry and fishing; human and livestock
pharmaceuticals and medicaments; motor vehicle in CKD form; and inputs for
manufacturing pharmaceutical products. |
|
5% |
0% |
Raw
materials, capital goods and replacement parts |
|
10% |
10% |
Semi-processed
inputs and spare parts other than for motor vehicles. |
|
20% |
15% |
Fully
processed inputs and motor vehicle spares. |
|
25% |
25% |
Final
consumer goods |
44.
Mr. Speaker, the effect of
these amendments is that there will now be only three rates of import duty
(other than zero) that is, 10, 15 and 25 percent in that order. Goods which currently carry a duty rate of 5 percent will
have no duty charged. It is the
expectation of the Government that this measure will reduce the cost of
production especially with respect to industries.
45.
Mr. Speaker, the reform of the customs tariff structure is expected
to result in revenue loss of Tshs. 18,791 million.
Side by side with this loss of revenue, the new customs tariff structure
will reduce revenue from VAT on imported goods by Tshs. 1,939 million.
Revocation of Government Notice (GN) no. 433
of 2000
46.
Mr. Speaker, following the
custom tariff structure reform I have explained above, there is no need of
retaining GN. No. 433 of 2000. This
notice was meant to adjust the rates in the Harmonised Tariff Book applying to
certain raw materials/inputs used by local industries in order to grant
preferential import duty treatment. The
newly proposed rates will take care of that objective. This measure is
expected to result in loss of revenue by Tshs. 3,500 million.
Imposition of Suspended Duty on Certain
Imported Goods
47.
Mr. Speaker, in order to
address dumping and transhipment, which imposes unfair competition upon domestic
industry, it is proposed to impose suspended duty on certain imported goods.
The list of goods to be affected is in the Finance Bill, 2001. This
measure will generate new government revenue by Tshs. 2,400 million.
New Procedure for Valuation of Imports
48.
Mr. Speaker, consistent with
the rules of the World Trade Organisation (WTO) of which Tanzania is a member,
the procedure for valuation of
goods for taxation purposes has changed. The procedure
known as “Agreement on Customs
Valuation (ACV)” is now in use. That
is to say, Minimum Dutiable Values (MDV) are no longer used as the basis for tax
assessment; with the exception of Sugar
which is governed by a special agreement between the government and the
investors.
49.
Mr. Speaker, I am proposing to
amend Government Notice No.133 of
1996 in order to place a cap on the import duty charged at 5 percent per month
on temporary importation of hunting equipment and tools for professional
hunting. This measure is aimed at addressing
complaints aired by the tourism sector that the tariff was inhibitive.
This measure has no implication on government revenue.
Amendment of Income Tax
Structure
50.
Mr. Speaker, it is proposed to
make certain amendments in the area of income tax as follows:
(a)
Withholding
tax on goods and
services is abolished for holders of Tax Identification Number (TIN). This
measure will result in a revenue loss of Tshs. 12,179 million.
(b)
The additional 15 percent capital allowance on unredeemed expenditure
under the Mining Act, 1998 be maintained for the existing investors only.
New investors should not be
granted this incentive. This
move stems from the fact that Section 17 of this Act already allows 100 percent
capital allowance deduction. Moreover,
this measure will assist in simplifying tax administration in the Mining Sector.
This proposal will have no effect on government revenue.
(c)
To amend section 87(1) of the Mining Act, 1998 which allows mining
companies to defer payment of Mineral Royalty or to obtain refund of paid
royalty when cash operating margins fall below zero. I propose that this section
of the Act be applied only to existing investors.
This amendment is not expected to have any effect on government revenue
in the short-run.
(d) I propose to merge the Housing
Levy with Vocational
Education Training Authority (VETA) Levy
to become one levy to be known as “Vocational Training Levy”. The
levy will be charged at 6 percent of wage bill. This levy will now be collected
by Tanzania Revenue Authority (TRA) and will be shared as follows: Two
thirds will be remitted to the Treasury, and one third will be remitted to VETA.
This measure will reduce employment cost while it does
not reduce revenue either for the government or VETA.
(e) I propose
to
abolish Withholding Tax on interest on foreign sourced loans.
This proposal is aimed at rationalisation
and improving the investment environment. This measure will render revenue loss of Tshs.378
million only.
(f) I propose to revoke the section on Deemed
Dividends in the Income Tax Act, 1973. This measure removes powers of the Commissioner for Income Tax to declare
dividends in the event of non-declaration by a company.
This will reduce inconvenience which tax paying companies currently face.
(g)
I propose to abolish advance
payment of income tax which individuals or groups are obliged to pay prior to
commencement of business. This
proposal is intended to enable people especially those wishing to enter micro
and small scale businesses to obtain business licenses and to do legitimate
business, which they fail to do currently as they cannot pay the tax and
resort to doing business without licenses.
Revenue loss estimated from this measure is Tshs. 3,179 million.
The Value Added Tax (VAT)
51.
Mr. Speaker, in the area of
VAT I am proposing to make the following amendments:
(i) I
am abolishing VAT
exemptions to Government and its institutions. This means that central government, local governments and
institutions that derive their budgets from the Government will pay VAT on their purchases. However, exemptions will remain for
goods and services for projects which are financed by donors, voluntary and
charitable organisations under existing law and special agreements. This measure
is expected to earn the Government new
revenue to the tune of Tshs. 56,000 million for the year 2001/2002.
(ii) In view of a new “gaming tax” which I will propose shortly, the VAT
currently paid on games of chance will be removed so as to simplify collection
of the new tax. This measure is
expected to reduce the government revenue by Tshs. 2,000 million, which will be
recovered from the new tax.
(iii) I am abolishing VAT on ground
transport run by Tour Operators. The
aim of this measure is to bring about fairness and equity in the taxation of
tourism business. This measure will
result in revenue loss of Tshs. 500 million.
(iv) I propose to abolish VAT on milk
packaging materials. This measure is aimed at reducing the cost of locally
processed milk to make milk affordable and to provide a milk market for
livestock keepers. This proposal will
reduce revenue by Tshs. 400 million. In addition, it is proposed to ban the
importation of powdered milk and
impose suspended duty at a rate of 25 percent on all other types of imported
milk with exception of infant milk
(Infant Formula).
(v) I propose to remove VAT on computers, printers and their accessories.
This measure is aimed at hastening the pace of Tanzania entering the 21st
century in the era of globalisation, communication and growing dependence on the
Internet. This is also intended to motivate the Youth to engage in
computer related activities in the same way as their counterparts worldwide do.
It is my expectation that schools, colleges, and other institutions of
learning will take advantage of this move to intensify computer teaching. This
measure will reduce government revenue by Tshs.1,544.0 million.
(vi) I propose to abolish VAT on
hospital equipment and all taxes for
drugs used by those affected by HIV/AIDS, Malaria and Tuberculosis (TB). This proposal has the objective of increasing the
availability of diagnostic equipment, treatment equipment, machinery, and life
saving drugs. It will provide
relief to the health sector and reduce the cost of
equipment and machinery which are very expensive even without taxes. In
particular, this move will reduce the cost of treatment abroad and is
not expected to reduce government revenue.
The proposal to provide tax-free medication for HIV/AIDS victims is aimed
at elongating life span of patients and is in line with current national and
international thinking. It should
be reiterated that there are no drugs to cure the disease and that the drugs are
still only available at a very high cost.
(vii) I propose to abolish VAT on locally produced
yarn. This proposal is aimed at
reducing the cost of yarn and increasing employment of small scale weavers who
use handlooms. This measure will reduce
government revenue by Tshs. 9 million only.
(viii) I propose to abolish VAT on capital goods for investment in education
projects. This proposal is intended
to attract investment in schools, colleges and institutes with international
standards and change the current situation in which many parents are forced to
send children to other countries even for primary schooling, especially to
neighbouring countries. This
measure responds to complaints from the public that the tax policy is retarding
investments in modern education. There
will be a loss in government revenue
of Tshs. 88.7 million only.
The Structure of Excise Tariff
52.
Mr. Speaker, the Structure of
Excise Tariff is proposed to be amended as follows:
(a)
I propose to amend excise duty rates on petroleum products as follows:
Type of Product
Shs.
Per Litre
(i)
Liquefied Petroleum Gas (LPG)
228.0
(ii)
Motor Spirit Premium
(MSP)
146.0
(iii)
Motor Spirit Regular
(MSR)
135.0
iv)
JET A-1
56.0
(v)
Illuminating Kerosene
(IK)
122.0
(vi)
Gas Oil
(GO)
127.0
(vii)
Industrial Diesel Oil
(IDO)
201.0
(viii)
Heavy Furnace Oil (HFO)
35.0
This
adjustment is aimed at protecting revenue that will be lost following the
abolition of the import duty rate of 5 percent under the reforms I explained
earlier on the customs tariff structure. There
will now be three taxes only on petroleum products namely, Excise Duty, VAT and
Fuel Levy. This measure will
protect government revenue by Tshs. 8,311 million.
I would like to emphasize here that this proposal does
not increase tax on petroleum products except it is reducing the number of
such taxes.
(b)
I propose to reduce the excise
duty on wine produced using locally grown grapes, from the current Tshs.700
per litre to Tshs. 350 per litre. This
proposal is aimed at reviving grape farming and expanding the winery industry in
the Dodoma region and therefore contributing to reducing poverty.
This measure will reduce government
revenue by Tshs. 1.2 million only.
(c)
Alongside this, I propose to introduce
Tax Stamps on imported wine in order to curb tax evasion on this product and
to protect the local wine industry. Imposition
of Tax Stamps on imported wine will commence in January, 2002.
(d)
I propose to adjust excise duty
by 5 percent on cigarettes, beer and soft drinks (soda), consistent with
inflation. This adjustment will earn the
government excess revenue of Tshs. 3,624.0 million in 2001/2002.
New Tax on Games of Chance
53.
Mr. Speaker, as a result of
experience which the Government has now gained with respect to Games of Chance,
I propose to introduce Gaming Tax. I
propose that the new tax be as
follows:
(i)
Casino:
(a)
Tshs.500,000 per table per month
(b)
Tshs. 100,000 per machine per month.
(ii)
Private
Lotteries: 60 percent
of total gross
sales.
(iii)
Slot
Machines: Tshs.20,000
per machine
per month.
This new tax is expected to yield revenue for the government of Tshs. 7,000 million in 2001/2002. I propose that the proceeds from Gaming Tax on Private Lotteries be shared as follows: 92 percent to accrue to Treasury and 8 percent to the regulating body.
Local Government Levies and Fees
54.
Mr. Speaker, in this area, I would like to make a reminder that:-
(i)
The legal requirement to the effect
that the Minister responsible for Local Government should consult with the
Minister for Finance before making any amendments to legislation on levies and
fees for Local Governments needs to be enforced.
This is due to the fact that it is still evident that national policies
pronounced by Minister for Finance often conflict with levies and fees
introduced by Local Governments. This measure is aimed at removing nuisance
resulting from multiplicity of taxes affecting especially farmers, businesses
and investors.
(ii)
The cap
of 5 percent on produce and livestock cess be enforced. This will address the complaints raised by villages and
co-operatives that this cap which was legislated in 1999 is not enforced.
(iii)
I propose to transfer the issuance of
the following licences from Local Governments to Central Government:
(a)
Import Trade
(b)
Commission Agents
(c)
Manufacturers’ Representatives
(d)
Travel Agents
(e)
Tourist Camps
(f)
Motor Vehicle Dealers
(g)
Tour Operators
(h)
Goldsmiths.
These
licenses will be issued by Authorities responsible for regulating respective
areas. This measure is aimed at rationalising regulation in areas which are of a
national and international character.
(iv)
I propose to transfer to District Councils, registration and licensing of
small scale industry and all micro enterprises.
This measure is aimed at rationalisation of various licenses between
central and local governments in a bid to reduce costs to taxpayers.
(v)
I propose that the conditions
for issuance of business licenses be
substantially simplified. One method to achieve this is to have a one stop
centre for issuance of business licenses at village, district, region and
ministerial levels.
(vi)
It is proposed to abolish
professional license fees for employees because they are a nuisance, they
increase cost of employment, and hinder employment especially of educated
citizens.
(vii)
I propose that the Immigration Law be harmonized and rationalized with
the Business Licensing Act to remove complications affecting investors.
Amendment of Other Certain laws
55.
Mr. Speaker, in this area it is proposed to make the following
amendments:
(i)
Concerning Road Toll Act, 1985, I propose to change the name “Road
Toll” to “Fuel Levy”.
The purpose of this amendment is to remove confusion which has emerged
where tax payers who do not use roads or whose businesses compete with road
haulage, for instance railways, marine vessels or plantation equipment say they
should not pay road toll. Road Toll
Act should therefore be amended so that all “fuel users” pay the tax,
regardless of whether or not they use roads.
(ii)
I propose to amend the Stamp Duty Act, No. 20 of 1972 as follows:
(a)
Stamp
Duty on Lease
Agreements be 0.96 percent or Tshs. 10 million whichever is lower.
The aim is to reduce the cost of lease agreements which stakeholders have
been protesting against. This will
also reduce the cost of doing business.
(b)
Stamp
Duty on proceeds from sales of agricultural produce be abolished.
This duty has been a nuisance to farmers; its removal will safeguard
farmers’ income and help to reduce poverty.
(c)
Stamp Duty on proceeds from rental
income be reduced to 1.5 percent. The aim is
to create a conducive environment for investment in the housing sector and to
check evasion. This measure will reduce
revenue by Tshs. 896.0 million.
Airport Departure Service Charges Act, 1985
56.
Mr. Speaker, in this area, I
propose to make the following amendments:-
(i)
To increase the rate of tax on
air travel out of the country to USD 30 from the current rate of USD 20.
(ii)
To increase the rate of tax on domestic
air travel from the current Tshs.
3,000 to Tshs. 5,000.
This
measure is expected to generate
additional revenue of Tshs. 2,640
million.
Land Rent on
Commercial Farms
57.
Mr. Speaker, I propose to
reduce the Land Rent on commercial farms from Tshs. 600 per acre to Tshs. 200
per acre per annum on agricultural farms, livestock ranches, and forests.
This measure will have no impact on revenue because currently it is not
collected as holders of commercial farms claim
they cannot afford the rent. The
objective is to encourage expansion of large scale farms and avert hoarding of
land, and at the same time emphasise the importance of paying tax on this
resource.
Levies and Fees collected by Central
Government
58.
Mr. Speaker, it is recommended
to make amendment on the structure of levies and fees collected by central
government. The purpose of this
amendment is to rationalise the rates of levies and fees.
Details of the rates being proposed are given in the Finance Bill, 2001.
Border Trade
59. Mr.
Speaker, recently the Heads of State of East African Community Member states
agreed to put in place an
environment conducive to encouraging cross-border investments in economic
activities, infrastructure, and trade between countries within the Community. Simplification of border trade was emphasised in order
to motivate legitimate trade among the people of East Africa.
Accordingly, import tariffs on cross-border trade have been reduced
substantially. Exports from Tanzania and Uganda to
Kenya will enter with import duty reduction of 90 percent. For instance if
import duty in Kenya is 25 percent, exports from Tanzania to Kenya will be
charged only 2.5 percent. Goods
from Tanzania to Uganda will get a reduction in import duty of 80 percent.
Therefore, if import duty in Uganda is 25 percent then goods from
Tanzania will enter Uganda at import duty of only 5 percent.
Under this arrangement, goods exported from Kenya to Uganda or Tanzania
will get a reduction in import duty of 80 percent.
60.
Mr.
Speaker, the tariff
reduction in the East African Community area presents a challenge to our people
to make use of the expanded market. I
have instructed regional Customs Offices to increase public awareness through
publicity campaigns, for example through posters etc. They should also simplify
customs procedures to motivate people to do legitimate trade to take advantage
of the low tariffs.
Effective Date for
the New Tax Regime
61.
Mr. Speaker, the tax measures
I have proposed will be effective from 1st July, 2001 except where it
is stated otherwise.
Recap
62.
Mr. Speaker, the proposals for
amending taxes and levies have the objective of improving the tax regime in
order to expand the tax base through increasing compliance, removing nuisance
taxes especially in the area of agriculture and animal husbandry, improving
Tanzania’s international competitiveness, creating a conducive and transparent
investment environment, and enhancing social development consistent with the
Poverty Reduction Programme. In short, these proposals are intended to stimulate
rapid economic growth and poverty reduction.
Summary
63.
Mr. Speaker, the summary of
proposed measures and their outcome in terms of revenue are as follows:
Measure
Revenue
(In Billion Tshs)
(i)
Amendment
of Customs Tariff Structure
-21.830
(ii)
Amendment
of Income Tax Structure
–15.737
(iii)
Amendment
of VAT
51.458
(iv)
Amendment
of Excise Tariff
11.934
(v)
New
Gaming Tax
6.417
(vi)
Amendment
of Airport Service
Charge structure
2.640
(vii)
Amendment
of Stamp Duty
-0.896
Total
33.986
The
net revenue of Tshs.33,986 million bridges the resource gap
explained earlier, and the budget for 2001/2002 is fully financed.
The Budget Frame
64.
Mr. Speaker, on the basis of
the budget structure explained above, the budget frame for 2001/2002 will be as
follows:
Revenue
(In million Tshs)
A.
Domestic Revenue
1,025,184
(i)
Tax Revenue
892,228
(ii) Non Tax Revenue
98,970
(iii) New revenues
33,986
B.
Foreign
Loans and Grants
Including HIPC 649,643
C Drawdown
on Reserve
69,910
D.
Privatisation
Proceeds
20,000
Total Revenue 1,764,737
Expenditure
E.
Recurrent
Expenditure
1,412,225
(i)
Public Debt (CFS) 332,590
(ii
Ministries
625,610
(iii)
Regions 20,519
(iv)
Special Expenditure
232,387
(a) Health
Insurance
(10,973)
(b) Tax Refund
(56,000)
(c) HIV/AIDS
(4,443)
(d) Primary School fees
(11,000)
(e) Suppliers Arrears ( 41,900)
(f) Others (108,071)
(v) Local Governments
2 01,119
(a)
Urban
37,039
(b)
District
164,080
F.
Development Expenditure
352,512
(a)
Domestic
47,240
(b)
Foreign
302,272
(c)
Songo Songo
3,000
Total Expenditure
1,764,737
CONCLUSION
65. Mr. Speaker, this budget frame bears out the extent to which our country is still dependent. Our domestic revenue can only finance 58 percent of total expenditure. This means that about 42 percent of our budget is dependent on foreign assistance. This is clear evidence that growth is inadequate. The economy needs to grow at 8 percent or more per annum in order to increase self reliance and reduce poverty.
66. Mr. Speaker, the budget I am proposing today intends to direct the nation’s efforts towards increasing growth and thereby reducing income poverty. This is in accordance with the National Development Vision 2025, which sets the goal of reducing the incidence of absolute poverty from 48 percent to 24 percent by year 2010. Rural poverty is to be reduced from the current level of 57 percent to 29 percent by 2010. The best way of achieving these targets is to fully implement the agreed policies and strategies for agriculture, livestock, tourism, basic industries and mining. However the people themselves are the only ones who can sustainably uplift their living standards by employing their skills and hard work, especially in the agricultural sector. This is because, poverty is prevalent at the very micro level – among families and individuals, and this is not theory. Let us remind ourselves that in order to develop, we need people, land and good governance. This budget has put in place a conducive environment for everyone to pursue their own development under conditions of peace and harmony.
67. Mr. Speaker, this budget, as will be elaborated later by different sector Ministries when presenting their sector development policies and strategies, is an initial process of fighting non-income poverty. The HIPC programme, if implemented as planned, will allow our children to be educated, will increase food security and nutrition for the poor, will reduce the spread of HIV/AIDS, will strengthen human rights and support good governance based on democracy and the rule of law. In addition, the programme aims at reducing the rates of both infant mortality (children below 5 years) and maternal mortality. Further the programme will hasten the provision of clean and safe water to people residing in both urban and rural areas as well as increase the number of tarmac and all-weather roads for the benefit of peasants, producers and businesses in general.
68.
Mr. Speaker, all this will be
possible only if the implementers undertake to perform their responsibilities
diligently and efficiently. This
requires sustained consideration of ways to overcome capacity constraints in the
Ministries and District Councils. There
is still misuse and theft of government property, there are still people who are
lazy in the Civil Service. Therefore,
I am urging the leaders, especially the Members of Parliament to be eager and
strict in supervising management of government property and finances.
It is worrying to see this responsibility discharged by Ambassadors of
donor missions while we watch.
69.
Mr. Speaker, this budget has
also tried to help the poor including workers, peasants, small traders, and
those who cannot afford to send their children to school.
This budget has provided an opportunity for graduates to venture into the
field of education and the IT industry. It
has also provided a boost to the Small Industries Development Organisation (SIDO)
and small businesses by abolishing the payment of start-up tax at the
commencement of business. For goods
crossing the borders, within East Africa, custom duties have been reduced with
the aim of discouraging the flow of goods through unofficial routes, but instead
promoting open and legitimate trade.
70.
Mr. Speaker, this budget has
taken into account advice and recommendations made by various experts, the
business community and manufacturers, tour operators, transporters, hunters,
donors, international advisors, and farmers.
It has considered the views of Members of Parliament, particularly those
expressed in the Finance and Economic Committee Meeting.
I wish to extend my gratitude to all those who offered their advice and
suggestions for the preparation of this budget.
71.
Mr. Speaker, I take this
opportunity to acknowledge that although we have made considerable progress in
revenue collection, with average collection of Tshs. 76,000 million per month, a
large part of potential revenue still remains uncollected due to intentional tax
evasion. It is no secret, for
example, that most of the shop owners offer two prices, one inclusive of VAT and
one excluding VAT. Therefore, many customers do not demand receipts upon
purchase, without realising that they are participating in tax evasion.
I therefore impress upon my fellow citizens that when they purchase goods
or services from shops, they should insist upon getting
receipts for them, so that the laws are enforced. The Government has
succeeded in a big way to curb opportunity
for tax evasion in the petroleum sector following the
introduction of labelling of white petroleum products. This measure has
with it harsh penalties for those found selling unmarked petroleum.
Further efforts are being made to introduce additional measures to reduce
opportunities for tax evasion. As I
explained earlier, the decision to make the Government pay tax on its purchases
is one way by which the Government itself can fight tax evasion.
72. Mr. Speaker, the second problem is in the realm of taxation policy, particularly with regard to existence of multiple tax authorities: Local Government, the Minister for Finance and Parliament. Complaints related to the multiplicity of taxes and licensing arise from the fact that District Councils use their by-laws to increase marginal tax rates above what has been already approved by the Minister for Finance and the Parliament or introduce new levies and fees as they wish. It is my intention to address this problem in the next fiscal year, and I would appreciate comments from the Honourable Members of Parliament on this area.
73. Mr. Speaker, another controversial area in the taxation system is related to exemptions. Following a daunting experience in recent years, the Government has decided to reintroduce tax exemptions for religious and non-profit service delivery organisations. This decision will be enforced through Government Notices and will address problems encountered by those organisations. However, tight control will be instituted to avoid dishonest practices.
74. Mr. Speaker, I beg to move.