DODOMA, Nov. 5 -- THE National Assembly has called for sweeping reforms in public institutions and State-Owned Enterprises (SOEs), citing concerns over their financial performance, accountability and the returns generated from government investments.

The concerns follow a 20.3 per cent increase in public investment capital to 92.27tri/- over three years, while returns grew by only two per cent during the same period, raising questions about the efficiency of public investments and the value delivered to taxpayers.

The Parliamentary Standing Committee on Public Investments (PIC) says the widening disparity calls for stronger oversight, accountability and improved management to ensure that growing government investments translate into hig...