Fiscal and monetary burden of Tanzania's corporate bodies: The case of public enterprises
Files
Date
1998-03-06
Authors
Moshi, H.P.B.
Journal Title
Journal ISSN
Volume Title
Publisher
African Economic Research consortium
Abstract
Public enterprises (PEs) have played a dominant role in Tanzania's socio-economic
development. However, these enterprises have contributed significantly to economic
crises presently facing the country. Precisely, they have been a fiscal and monetary
burden to the economy. The main objective of this study is to analyse and make some
initial attempts in assessing the magnitude of the burden. To achieve this, it became
necessary to collect data of macro-nature at various focal points, namely Ministry of
Finance, Tanzania Audit Corporations and various Holding Corporations. These
institutions do have "consolidated", although rather scanty, data on most of the PEs.
The analysis did indicate that the public enterprises have contributed significantly in
suffocating the efforts of improving Tanzania's fiscal and monetary aggregates.
Consequently, the major recommendation arising from this study is the need to redefine
afresh the role of public and private sector in the national economy with the ultimate
objective of commercialising and privatising the public enterprises.