Tanzanian government budget for 2016/2017 fiscal year key highlights.
The newsletter aims at highlighting the key issues in the 2016/2017 Tanzanian government budget. The Government budget for 2016/17 aims at improving the basic infrastructure for the provision of water, power and transportation for industrial development, as well as raising production of agricultural produce which are used as industrial raw materials. Efforts will be directed at reducing tax evasion and plugging loop holes for tax avoidance, to create new sources of revenue, and insist the use of Electronic Fiscal Devices (EFDs) in order to increase revenue collection and control unnecessary expenditure. The Budget also focuses on creating conducive environment for business and investment so as to attract domestic and foreign investors in industrial and agricultural development. This is through reforms of legal acts and expenditure policies.