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Zanzibar Government record 10.7bn deficit in June
Mnaku Mbani

Government resources—revenue and grants— amounted to TZS 48.9 billion in June 2016, while expenditure was TZS 59.6 billion.

Therefore, government budgetary operations registered an overall deficit (after grants) of TZS 10.7 billion. The deficit was mainly financed by programme concessional loans.

Revenue outturn was TZS 47.7 billion, more than projections by 41.2 percent and accounting for about 97.4 percent of the resource envelope for the month.

Tax revenue amounted to TZS 45.3 billion and surpassed projections by 44.5 percent. The improved tax revenue was mainly due to Value Added Tax (VAT) refund from Tanzania mainland, which amounted to TZS 12.6 billion. 

VAT and excise duties (local) continued to account for the largest share of revenue collection, followed by taxes on imports. Non-tax revenue was TZS 2.3 billion, below the target by 2.2 percent.

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