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Wednesday, August 13, 2008

Economy registers mixed fiscal, monetary and external trade signals

2008-08-13 09:30:35
By Beatrice Philemon

Government revenues from its major taxation bases are steadily burgeoning, according to recent data released by the Bank of Tanzania (BoT).

The BoT, which is officially authorised to keep government`s cash and records, in June published a report showing that total revenue collected by the government in May reached 288.5bn against the target of 273.bn/-.

Taxes alone contributed shillings 267.8bn/- above the pre-set target by 8.2 percent.

However, collection of non-tax revenue was below target by 21.5 percent.



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