Budget Execution Reports
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Browsing Budget Execution Reports by Subject "Pay As You Earn"
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Item The Budget Execution Report for the Financial Year, 2020-21,(July, 2020 to June,2021)(Ministry of Finance, 2021) The United Republic of TanzaniaIn the first quarter (January – March) of 2021, the economy registered a real GDP growth of 4.9 percent compared to 5.9 percent in a corresponding quarter of 2020. The slowdown in growth was due to spill-over effects of the measures taken by major trading partners to contain the spread of COVID-19. In 2020/21, headline inflation remained within the country’s medium-term benchmark of between 3 and 5 percent, decreasing to an average of 3.3 percent from 3.5 percent recorded in 2019/20.Item Budget Execution Report for the Forth Quarter and Fiscal Year 2018-2019(Ministry of Finance, 2019) The United Republic of TanzaniaReal GDP growth in the first quarter of 2019, (January to March) was 6.6 percent compared to 7.5 percent recorded in the corresponding quarter of 2018. The growth was mainly supported by good performance observed in economic activities of construction; transport and storage; mining and quarrying; electricity; and information and communication.Item The Budget Execution Report for the Second Quarter of the Financial Year, 2020-2021(Ministry of Finance, 2021) The United Republic of TanzaniaThe average growth of real Gross Domestic Product (GDP) in the first three quarters of 2020 averaged at 4.7 percent from 7.3 percent recorded in the similar period in 2019. The slowdown in growth was on account of excessive rainfall which led to destruction of transportation infrastructure, delay in implementation of major projects and impact of COVID – 19 in some of economic activities including trade, hotel and restaurants. In the second quarter of 2020/21, headline inflation decreased to an average to an average of 3.1 percent from 3.7 percent recorded in 2019/20.Item Budget Execution Report for the Third Quarter of 2018-2019 January-March-2019(Ministry of Finance, 2019) The United Republic of TanzaniaIn 2018, the National Bureau of Statistics (NBS) of Tanzania conducted an exercise to rebase GDP by updating the national accounts base year from 2007 to 2015. The revision was aimed at ensuring international comparability in accordance with the United Nations System of National Accounts 1993. Following the revision, the nominal GDP value for the base year 2015 has been revised upward by 3.8 percent compared with the previous base year (2007).