ECONOMICS MADE SIMPLE: Towards Parliament discussions for realistic budget

By and large, realistic budgets are functions of realistic revenues in Tanzanian type of economies. This is because at the end of the day, what determines whether a budget is realistic or not is the extent to which a country can raise budgetary revenues that are enough to cover all the expenditure posts. Realistic budgetary revenues are revenues that can be collected as planned. Contrary to what some may argue, realistic budgetary revenues should include those from both domestic and foreign sources. This is because in reality Tanzanian type of economies can hardly mobilize enough domestic resources to fund their budgets. This is true for both domestic tax and non-tax revenues. There is therefore a necessary financing gap that will need to be bridged from foreign sources. Realistic budgetary revenues therefore imply all the revenues that can be mobilised from all sources.

ECONOMICS MADE SIMPLE: Towards Parliament discussions for realistic budget

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