It is our pleasure to present to you the analysis of the FY 2023/24 national budget. Policy Forum commends the government’s economic reforms aimed at promoting private sector-led growth and enhancing the business environment and emphasizes the importance of budget credibility in achieving sustainable development goals.
In this position paper, we continue our efforts to contribute to the budget process, discourse, and performance. Our analysis reviews budgetary allocations and expenditures, examining budget credibility. We highlight key sectors and programs that will be targeted by the government in pursuit of development, while also striking a balance between funding critical sectors and maintaining fiscal sustainability.
Our analysis includes a look at the government's revenue estimates, spending and resource distribution to sectors including education, agriculture, water, and trade. We recognize the various challenges facing Tanzania, such as the effects of COVID-19 and the post-pandemic quest for recovery, high inflation, and a significant debt burden. Therefore, effective implementation and monitoring of the budget will be critical to ensuring that the intended outcomes of each sector are achieved.
This position paper carries with it valuable insights that ought to be considered throughout the execution of the fiscal year, building a potential impact on the country's sustained economic growth