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.
According to Maganga, PlanRep will replace the spreadsheet programme 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 organisations and corporations.
Subsequently, it will increase the performance and government revenue, Athumani Mbuttuka, the country’s Treasury Registrar said.