Publication:
Tanzania Economic Update: The Efficiency and Effectiveness of Fiscal Policy in Tanzania

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-10-11T14:52:34Z
dc.date.available2023-10-11T14:52:34Z
dc.date.issued2023-10-11
dc.description.abstractGlobal growth is projected to slow significantly in 2023 as continued monetary tightening constrains the credit supply. Tanzania’s economy has performed relatively well despite a challenging external environment. The government recognizes that a dynamic private sector fueled both by domestic and international investment is crucial to increase productivity, accelerate job creation, and support more inclusive and resilient growth. Tanzania has several macroeconomic advantages that could support a successful transition to middle-income status. Tanzania’s most urgent reform priorities include measures to improve efficiency and effectiveness of expenditure programs and boost tax-revenue mobilization. The government should assess and regulate budget transfers to state-owned enterprises to ensure their sustainability. An analysis of the implementation capacity of ministries with low expenditure execution rates could inform efforts to improve procurement systems and strengthen monitoring and evaluation. The government should adjust VAT, corporate income tax, and excise tax rates to increase revenue mobilization, and excise taxes on tobacco should be reevaluated to balance revenue and public health objectives. Strengthening taxation on wealthier households is vital to improve the equity of the tax system. Reinforcing the tax administration’s auditing capacity will be necessary to boost collection efficiency and enhance distributional equity, and registration thresholds should also be adjusted to broaden the tax base. The Commitment to Equity (CEQ) methodology could be used to assess the impact of proposed fiscal policy changes on household income, poverty, and inequality.en
dc.identifierhttp://documents.worldbank.org/curated/en/099091823115598061/P1796100836f74008096c60cb74977ab2f5
dc.identifier.doi10.1596/40452
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40452
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC
dc.relation.ispartofseriesTanzania Economic Update; Issue 19
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectFISCAL POLICY
dc.subjectGDP GROWTH BY SECTOR
dc.subjectCURRENT ECONOMIC INDICATORS
dc.subjectRECENT ECONOMIC DEVELOPMENTS
dc.subjectEQUITY COMMITTMENT
dc.titleTanzania Economic Updateen
dc.title.subtitleThe Efficiency and Effectiveness of Fiscal Policy in Tanzaniaen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleTanzania Economic Update: The Efficiency and Effectiveness of Fiscal Policy in Tanzania
okr.date.disclosure2023-09-18
okr.date.lastmodified2023-09-19T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099091823115598061/P1796100836f74008096c60cb74977ab2f5
okr.guid099091823115598061
okr.identifier.docmidP179610-836f7407-c512-4c08-96c6-cb74977ab2f5
okr.identifier.doihttp://dx.doi.org/10.1596/40452
okr.identifier.externaldocumentum34164086
okr.identifier.internaldocumentum34164086
okr.identifier.report184925
okr.import.id1980
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099091823115598061/pdf/P1796100836f74008096c60cb74977ab2f5.pdfen
okr.region.administrativeEastern and Southern Africa
okr.region.countryTanzania
okr.sectorCentral Government (Central Agencies)
okr.themeInclusive Growth,Rural Water and Sanitation,Gender,Human Development and Gender,Data Development and Capacity Building,Economic Policy,Rural Development,Public Finance Management,Economic Growth and Planning,Fiscal Policy,Domestic Revenue Administration,Public Sector Management,Urban and Rural Development,Data production, accessibility and use,Public Expenditure Policy,Macroeconomic & Structural Policy Modelling,Structural Transformation and Economic Diversification
okr.topicGovernance::Governance and the Financial Sector
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Achieving Shared Growth
okr.unitEFI-AFR1-MTI-MacroFiscal-1 (EAEM1)
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