NEWS

The Oil and Gas Revenue Management Act: What does it mean for government spending?

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“In many countries today, there are huge expectations from extractive revenues which can ultimately lead to overspending and debt among other things. Therefore it is important to have a law in place that manages these risks and challenges so as to meet the desired goals.”

Position Statement on Financing for Development Conference 13-16.7. Addis Ababa

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New commitments on financing for development are being negotiated in July in Addis Ababa at the Third Financing for Development Conference (FfD3). Tax and domestic resource mobilization have been placed in a central role in the negotiations. In order to increase domestic revenue, illicit financial flows and harmful tax practices have to be tackled.

EXTRACTIVE INDUSTRIES RELATED BILLS: THE TANZANIA CSO EXTRACTIVE INDUSTRIES WORKING GROUP POSITION

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On June 16th, 2015, the Government of Tanzania tabled in parliament three bills related to extractive industries under Certificates of Urgency. The bills are The Tanzania Extractive Industries (Transparency and Accountability) Act 2015, The Oil and Gas Revenue Management Act 2015 and The Petroleum Act 2015. 
 

Tanzania Petroleum Act, 2015

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An Bill to provide for regulation of upstream, midstream and downstream petroleum activities, establishment of the Petroleum Upstream Regulatory Authority, to provide for the National Oil Company, to secure the accountability of petroleum entities and to provide for other related matters.

Read the bill by clicking the attachment below.

Tanzania Extractive Industries (Transparency and Accountability) Act, 2015

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This Bill intends to introduce the Tanzania Extractive Industries, Transparency and Accountability Act, for the purpose of establishing  the Extractive Industries, Transparency and Accountability Committee whose prime duty is to ensure that there is transparency and accountability in extractive industry.

The Oil and Gas Revenues Management Act, 2015

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Bill presented to parliament for first reading on 16th of June, 2015. The Oil and Gas Revenues Management Act, 2015 is an Act to provide for the establishment and management of the Oil and Gas Fund, to provide for the framework for fiscal rules and management of oil and gas revenues and to provide for other related matters.

Read the bill by clicking the attachment below

 

Women and the 2015 General Election

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Photo Credits:United Nations Democracy Fund (UNDEF)

“With more women in the boardroom, greater legislative rights, and an increased mass of women’s visibility as impressive role models in every aspect of life……. one could think that women have gained true equality” (2000 and beyond) theme for the International Women’s Day, 2015.

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