Publication: United Republic of Tanzania - Public Expenditure Review 2011
Date
2012-07
ISSN
Published
2012-07
Author(s)
World Bank
Abstract
The 2011 Public Expenditure Review (PER)
is divided into two parts. The first describes recent
developments in fiscal policy, with a particular focus on
the adjustment announced in November 2011 as well as short
and long term prospects. The second part assesses government
performance in the health sector, which accounts for about
10 percent of the total budget. The objectives of the budget
analysis chapter are to: 1) document fiscal and macro
developments since November 2011, after the government made
adjustments to the budget under the International Monetary
Fund (IMF) Policy Support Instrument (PSI). Government
reduced the fiscal deficit in the budget to approximately
6.6 percent of Gross Domestic Product (GDP) from
approximately 8.0 percent of GDP in the initially approved
budget for 2011/12. 2) Take stock of budget execution in
2010/11 and strategic budget allocation in 2011/12 in
relation to Government strategic objectives of economic
growth and poverty reduction as envisaged in MKUKUTA (Mpango
wa Kukuza Uchumi na Kupunguza Umaskini
Tanzania-Tanzania's National Strategy for Growth and
Reduction of Poverty) and Five Year Development Plan (FYDP).
3) Highlight a number of priorities that Government needs to
take into account in formulating its fiscal policy both in
the short and longer terms. In 2011, the recurring domestic
energy crisis negatively affected the level of private
sector activities. The Bank of Tanzania's tighter
monetary policy is aimed at reducing the inflation rate,
which reached 16.8 percent and 19.8 percent in September and
December 2011, respectively.
Citation
“World Bank. 2012. United Republic of Tanzania - Public Expenditure Review 2011. Public expenditure review (PER);. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/dc3d9ef4-5179-5fd5-a5ce-77e6ee1785fe License: CC BY 3.0 IGO.”