Public institutions, companies inject 637bn/- into government’s coffers

DAR ES SALAM: A whopping 637bn/- has been injected into the government’s coffers as dividends and contributions from public institutions and companies.

This was revealed in Dar es Salaam on Tuesday when President Samia Suluhu Hassan was receiving dividends and contributions from public institutions and companies in which the government is a shareholder.

Of this, 279bn/- came from commercial enterprises, while the remaining 358bn/- were contributions from other public institutions.

Treasury Registrar (TR) Nehemia Mchechu stated that the funds were collected from July 2023 to May 2024, with a total of 850bn/- expected to be collected by the end of this month.

“I urge those who owe money, those who have made partial payments, and those who have not contributed at all to ensure they complete their payments for this fiscal year,” he said.

Mchechu mentioned that 145 organizations contributed during this period, an increase from the 109 that contributed last year.

Additionally, 159 organizations have not contributed at all to the government’s coffers this year.

“This number is significant, and we urge all institutions to change and improve their performance to start contributing or increasing their contributions to the government’s coffers,” he added.

He added: “Contributing to the government’s coffers is not a matter of volunteerism or charity; it is a mandatory obligation.”

Among the contributors, the Tanzania Port Authority (TPA) led with 153.91bn/-, followed by NMB Bank with 57.392bn/- and Twiga Minerals with 53.4bn/-.

Airtel Tanzania handed over 40.8bn/-, Puma Energy contributed 12.2bn/-, and TPC Moshi provided 10.2bn/-.

Other significant contributions came from the Tanzania Communications Regulatory Authority (TCRA) with 34bn/-, the Tanzania Forest Services Agency (TFS) with 21.3bn/-, the Tanzania Shipping Agencies Corporation (TASAC) with 19.1bn/-, and BRELA with 18.9bn/-.