A Research Agenda Tanzania has since the 1990s undertaken a comprehensive reform agenda focusing on several areas including macro-fiscal and public financial management policies that address systems and processes that form fiscal structures. This focus had as its broad objective to contribute to the achievement of macroeconomic stability and sustainable and inclusive growth and poverty reduction, within a framework of fiscal sustainability. While the objectives of fiscal policy are similar across countries, country specifics make it necessary to have fiscal frameworks that take into consideration specific country characteristics and challenges. In the Tanzanian case critical challenges around revenue, expenditure, financing and debt management have been prominent in the process in view of their importance in achieving macroeconomic development and social needs. Thus, some areas of focus have included macro-fiscal targets such as debt-to-GDP, tax-to-GDP, and expenditure-to-GDP. The focus has also been on openness in the budget process to enhance transparency and accountability, and on fiscal decentralization as it relates to the inter-governmental fiscal relations. The understanding has been that having a good framework in place provides the foundation for good budgeting including its credibility and sound fiscal policies that ensure fiscal sustainability and macroeconomic stability, with a view to bringing about overall development to the country.
How Countries are Performing on the Road to Recovery The deep economic recession triggered by COVID-19 continues to have profound economic and social consequences. Since the outbreak of the pandemic, unemployment rates have rapidly increased in most developing and advanced economies, and poverty rates have begun to rise again, reversing the gains achieved over the […]
This paper investigates the leather value chain in Tanzania. Tanzania has large livestock production that potentially provides raw materials for the leather industry but the contribution of the leather industry in the economy is remarkably minimal. Analysis finds that challenges related to inadequate livestock management, limited coordination of downstream and upstream activities, low capacity utilisation […]
Property taxation in Tanzania is one among sources that the government can potentially and largely use to widen its tax base and increase revenue collection. Being directly visible to taxpayers, by design it is relatively easier from the taxpayers’ perspective to easily link the collected revenue to improved provision of local services. Thus, property tax […]
The global economy has encountered a slowdown in growth and capital flows in the last few years. The global downturn has in part been a product of lower than expected growth from some of the leading economies, mainly China and the European Union, geopolitical friction, trade disputes, disruptive weather patterns and a declining demand for […]