Budget: MPs call for asset recovery, spending cuts to boost execution
Tanzania, June 17 -- Dar es Salaam. Lawmakers have called for tighter fiscal discipline, stronger domestic revenue systems and structural reforms to improve implementation of the Sh62.3 trillion national budget.
During parliamentary budget debates yesterday, MPs said the government must close gaps in revenue collection, reduce reliance on external borrowing and improve efficiency in public spending.
A key proposal focused on creating a legal framework and dedicated authority to manage unclaimed financial assets, including dormant bank accounts, mobile money balances, unclaimed shares and bonds.
Makete MP Festo Sanga (CCM) said the absence of a structured system to track such funds is leading to lost revenue.
"There is no structured sy...
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