By Daily News Reporter in Dodoma
PRESIDENT John
Magufuli's engineered petty traders' identification cards (IDs) have
generated a whopping 29.94bn/- from over 1.4 million registered traders.
Speaking after
receiving dividends from government agencies, corporates and
institutions, the
President expressed dismay at the low level of
taxpayers.
He said the
taxpayers were the backbone of the country's economic development and
industrial countries had invested in comprehensive systems to generate
revenue through them.
The ratio of tax
revenue on the GDP remains at 13 per cent instead of the expected 15 per
cent. According to President Magufuli, his decision to provide IDs to
petty traders at 20,000/- has helped to generate revenue that was
unaccounted.
"We still have a
low turn-up of taxpayers," he said, urging members of public to continue
paying tax that will subsequently improve social services across the
country.
Statistics show
that although revenue from non-tax sources was estimated to have a high
turnaround in 2017/18 and 2018/19 it only generated 14.4tri/- and 15.9
tri/- instead of the expected 16tri/- and 18tri/- respectively.
"The government
embarked on large-scale investment projects - the standard gauge
railway, the Nyerere Hydroelectric power, education and hospitals that
need a lot of funds ... without paying tax it won't be possible to
implement them all," he stressed.
In another
development, President Magufuli said the African Development Bank AfDB
had approved the payment of 450bn/- to support the construction of 110km
tarmac outer ring roads in the capital city.
In addition, he
said over $200m had also been approved by the same to support the
construction of Msalato International Airport, whose work is expected to
start soon.
No comments :
Post a Comment