DAR ES SALAAM, Sept. 28 (Xinhua) -- Tanzania will introduce an electronic budgeting system in the 2021/22 financial year in a move to reduce revenue loss and strengthen financial accountability, a senior official said on Monday.
Mary Maganga, the deputy permanent secretary in the Ministry of Finance and Planning, said the new system known as PlanRep is web-based planning and budgeting system that will replace the spreadsheet program used by government agencies, institutions and corporations.
She told a five-day capacity building training seminar on the electronic budgeting system in the capital Dodoma that the new system will incorporate strategic plans, revenue projection, budgets, expenditure tracking and physical implementation.
The electronic budgeting system will help increase efficiency in management and monitoring of investments by public organizations and corporations, subsequently increasing performance and government revenue, Athumani Mbuttuka, the country's Treasury Registrar said.
Did you find this article insightful?