The Minister of State, Office of the President, Planning and Investment, Hon. Prof. Kitila Mkumbo (MP), has presented the budget of his ministry with ten priorities to be implemented in the year 2024/25.
Presenting the estimates of revenue and expenditure for the year 2024/25 today in the Parliament in Dodoma, Prof. Mkumbo stated that the budget carries goals to coordinate robust plans aimed at achieving sustainable and inclusive development for the citizens; attracting productive investments for the Nation; improving the business environment; and efficient operation of public agencies and institutions.
"In achieving this goal, programs, projects, and activities to be implemented by the Office of the President, Planning and Investment have considered ten priorities," said Prof. Mkumbo.
Listing those priorities, Prof. Mkumbo said besides completing the preparation of the National Development Vision towards the year 2050 and finalizing the drafting of a new investment policy and its implementation strategy.
Other priorities include completing the integration of the Tanzania Investment Centre (TIC) and the Export Processing Zones Authority (EPZA) and establishing a new institution to oversee Private Sector Investment issues.
Prof. Mkumbo added that his office will finalize the guidelines for the construction and operation of industrial parks in the country and conduct an assessment on the establishment and operation of special economic zones in the country.
Moreover, reviewing laws related to mining, land, agriculture, tourism, and trade to improve the business and investment environment in the country; and completing the enactment of the Public Investment Law and its Regulations are other areas to be emphasized.
"The implementation of the pilot project of the Bagamoyo Special Economic Zone (BSEZ) following the Comprehensive Plan of 2024," he said.
Other priorities include initiating competitions on how Regional Secretariats and Local Government Authorities attract investment and create a conducive investment and business environment; and Revitalizing the Business Environment and Investment Improvement Plan that will identify new challenges in Investment and Business in the country and how to address those challenges.
"This is the first budget of the Office of the President, Planning and Investment to be presented in parliament since its establishment."