The Vice-President, Dr Philip Mpango, has called on government institutions and public corporations to enforce stronger governance procedures, tighten financial discipline and align operations with Tanzania’s long-term development vision.
Addressing the working session for parastatal Board Chairpersons and Chief Executive Officers at the Arusha International Conference Centre (AICC), Dr Mpango warned that despite reforms and new systems, significant financial losses persist in state institutions.
“Despite the introduction of systems such as GePG, TAUSI and POS registration, significant financial losses persist within government institutions, as highlighted in (the Controller and Auditor General) CAG reports,” he told the more than 650 participants.
He urged leaders to strengthen financial oversight, improve procurement and contract management and supervise human resources more effectively.
The Vice-President, who represented President Samia Suluhu Hassan, further encouraged institutions to pursue international partnerships, citing the Tanzania Railways Corporation (TRC)’s potential collaborations with South Korean and Chinese firms. He stressed professionalism, innovation and research, reminding leaders that Vision 2050 seeks to build an upper-middle-income economy worth about USD 1 trillion.
Treasury Registrar, Mr Nehemiah Mchechu, said government investment in public institutions had reached Sh.86.29 trillion – a 32 per cent increase since 2019/20. He announced that the government has set a target for public institutions to contribute at least 10 per cent of the national budget by 2028, up from the current three to four per cent.
DR MPANGO WANTS PARASTATALS TO BEEF UP STAKES
