Description: United Republic of Tanzania Public Expenditure and Financial Accountability Review 2008

United Republic of Tanzania Public Expenditure and Financial Accountability Review 2008

Rising inflation represents a serious challenge for the government, including fiscal policy. By December 2008, inflation has risen to 13.5 percent, far above the government target of five percent since 2004. It is important the government continue...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING AGGREGATE DEMAND ANNUAL BUDGET ANNUAL BUDGETS ANNUAL FINANCIAL STATEMENTS ARREARS AUDIT OFFICE BENEFICIARIES BLOCK GRANTS BUDGET AGGREGATES BUDGET ALLOCATION BUDGET ALLOCATIONS BUDGET CREDIBILITY BUDGET DEFICIT BUDGET DOCUMENTATION BUDGET DOES BUDGET ESTIMATES BUDGET EXECUTION BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET MANAGEMENT BUDGET PREPARATION BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET RESOURCES BUDGET SUPPORT BUDGETARY OUTCOMES BUDGETARY RESOURCES CAPACITY BUILDING CAPACITY BUILDING ACTIVITIES CAPACITY BUILDING PROGRAM CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL INVESTMENT CAPITAL SPENDING CASH FLOW CASH FLOWS CASH MANAGEMENT CASH RATIONING CENTRAL BANK CENTRAL GOVERNMENT CIVIL SOCIETY ORGANIZATIONS CLASSIFICATION OF EXPENDITURES COMMODITY PRICES COMPOSITION OF EXPENDITURES COUNTERPART FUNDING DATA RELIABILITY DEBT DEBT RELIEF DEBT SUSTAINABILITY DECENTRALIZATION DOMESTIC BORROWING DOMESTIC FUNDING DOMESTIC INTEREST RATES DOMESTIC REVENUE DONOR FUNDING ECONOMIC CLASSIFICATION ECONOMIC GROWTH EDUCATION BUDGET EXPENDITURE ALLOCATIONS EXPENDITURE CATEGORIES EXPENDITURE DATA EXPENDITURE ISSUES EXPENDITURE PLAN EXPENDITURE PLANS EXPENDITURE TRACKING SURVEYS EXPENDITURES EXTERNAL AID EXTERNAL AUDIT EXTERNAL BALANCE EXTERNAL BORROWING FINANCIAL ACCOUNTABILITY FINANCIAL ASSISTANCE FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEM FINANCIAL MARKETS FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL AGGREGATES FISCAL ANALYSIS FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL IMPACT FISCAL INFORMATION FISCAL POLICIES FISCAL POLICY FISCAL RISKS FISCAL YEARS FOREIGN CURRENCY FOREIGN FINANCING FOREIGN LOANS GOVERNMENT BUDGET GOVERNMENT FUNDING GOVERNMENT POLICY GOVERNMENT PRIORITIES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH RATE HEALTH CENTERS HEALTH SECTOR IMPORT DUTIES IMPORT TAXES INCOME TAX INFLATION INFLATION RATE INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INTEREST RATE INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL DEVELOPMENT LOCAL GOVERNMENT MACROECONOMIC ENVIRONMENT MACROECONOMIC FRAMEWORK MACROECONOMIC MODEL MACROECONOMIC SITUATION MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MAINTENANCE BUDGET MARKET PRICES MEDICAL SUPPLIES MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MEDIUM-TERM PROJECTION MINISTRY OF FINANCE MONETARY FUND MONETARY POLICY MULTILATERAL DONORS NATIONAL AUDIT NATIONAL BUDGET NATIONAL STRATEGY NATURAL RESOURCES OIL PRICES OUTCOME INDICATORS OVERHEAD COSTS PERFORMANCE INDICATORS PERFORMANCE REPORTS PERSONNEL EMOLUMENTS POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRICE INDEX PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR GROWTH PROGRAM BUDGETING PROGRAMS PUBLIC ACCOUNTS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURE TRACKING PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC GOODS PUBLIC INVESTMENT PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES QUALITY ASSURANCE REAL INTEREST RATES RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFORM PROCESS REFORM STRATEGY REGIONAL ADMINISTRATION RESOURCE ALLOCATION RESOURCE ALLOCATION SYSTEM RESOURCE ALLOCATIONS RESOURCE MANAGEMENT REVENUE PROJECTIONS ROAD FUND ROAD FUNDS ROAD MAINTENANCE SANITATION SECTOR BUDGET SECTOR BUDGETS SECTOR MINISTRIES SECTOR POLICIES SECTORAL POLICIES SOCIAL BENEFITS SOCIAL INFRASTRUCTURE SOCIAL SERVICES SOCIAL WELFARE STRATEGIC PLANS STRUCTURAL REFORMS TAX BASE TAX BURDEN TAX COLLECTION TAX POLICY TAX REVENUE TAXPAYERS TOTAL EXPENDITURE TOTAL EXPENDITURES TOTAL SPENDING TRANSPARENCY UNCERTAINTY WAGE EXPENDITURES
Online Access:	http://documents.worldbank.org/curated/en/2009/06/10744321/tanzania-public-expenditure-financial-accountability-review-2008 http://hdl.handle.net/10986/19315

Description
Summary:	Rising inflation represents a serious challenge for the government, including fiscal policy. By December 2008, inflation has risen to 13.5 percent, far above the government target of five percent since 2004. It is important the government continue its effort to reduce inflation through monetary and fiscal policies, including reducing inflationary pressures on the budget by controlling wage bill growth in line with medium-term pay policy. The 2008-09 Medium-Term Expenditure Framework (MTEF) projected optimistic targets for domestic revenue and, at a same time, pessimistic targets for foreign aid. Although domestic revenue has been rising over the recent past, the targeted 18.5 percent of Gross Domestic Product (GDP) in revenue effort is high given the fact that revenue has increased by only one percent of GDP annually in the past five years. It is important to improve reliability of the macro-framework by sustaining efforts to develop capacity in macro-fiscal policy and macro-modeling, which is an important tool for the government to properly assess expected levels of domestic revenue collection over the medium term. Although some major achievements have been obtained in capacity building program, priority areas for intervention have also been identified for 2009. These areas are: (i) strengthening of macroeconomic model (MACMOD) and the macro policy framework paper, taking into account the world economic crisis as well as new data developments in Tanzania; (ii) initiating MTEF upgrades (both central and sector) as well as program budgeting starting with the ministry of health and social welfare; and (iii) preparing the second edition of the budget background and medium term framework for 2009/10 - 2011/12.

United Republic of Tanzania Public Expenditure and Financial Accountability Review 2008

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