Revised Strategy For Management of Arrears, 2022
Loading...
Date
2022-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Ministry of Finance
Abstract
Government expenditure arrears are financial obligations that have been incurred by the government for which payments have not been made by the due date. It includes unpaid claims aging over 30 days up to 90 days for goods and services and construction works, respectively falling within the current financial year. Arrears have continued to be a challenge on government budget management despite of the ongoing Public Financial Management (PFM) reforms to improve the legal and regulatory framework on budget management, financial management, internal controls, accounting system and fiscal reporting. In view of the above, the Government of Tanzania (GoT) through the Ministry of Finance and Planning (MoFP) has reviewed the Arrears Management Strategy dated April, 2018 with a view of formulating a new to enhance arrears management
Description
Keywords
Arrears to the Economy, Status of Arrears, Accumulation of Arrears