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Gov’t Revenues from Extractive sector increases, Tsh 2.4 trillion unreconciled.

Gov’t Revenues from Extractive sector increases, Tsh 2.4 trillion unreconciled

Taxation
Prof Muhongo Minerals Minister

Prof. Sospeter Muhongo, Minerals Minister

Government revenues reportedly paid by mining, Oil and gas companies, collectively known as the Extractive Industries Sector has increased by over five times from USD 102,110,000 in 2011 to USD 602,119,124   but the problem of unsettled differences between what was paid by the companies and what was received by government has remained a chronic problem with an unexplained source of an extra Tsh 2.4 trillion reported to have been received by government  yet to be reconciled in this year’s Tanzania Extractive Industries Transparency Initiative (TEITI) report. read more about this via: Permalink: http://www.gepc.or.tz/?post_type=work&p=671

 


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