New Projects Push: Funds to Bypass Treasury
SINGIDA : THE government is moving to change how development funds are managed, with money allocated for water, road and energy projects set to flow directly to sector funds instead of passing through the government general fund, Prime Minister Dr Mwigulu Nchemba has said. The proposed reforms, which have been submitted to Parliament, are intended to address bottlenecks in the flow of development financing, enabling priority infrastructure programmes in water, transport and e
Tanzania's government is set to implement reforms allowing development funds for key projects to bypass the general treasury. Prime Minister Dr. Mwigulu Nchemba announced that money allocated for water, road, and energy initiatives will now flow directly to sector-specific funds. These proposed changes, submitted to Parliament, aim to accelerate the execution of priority infrastructure programs by reducing administrative delays. The new framework is expected to enhance financial responsiveness and strengthen institutional capacity. This policy shift follows significant investment in major national projects like the Julius Nyerere Hydropower Project. The government believes this direct channeling will improve efficiency and predictability in development financing.
This reform aims to streamline the disbursement of development funds, potentially speeding up crucial infrastructure projects.
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