The government has dismissed as false rumors that it is bankrupt.

<p>The government has dismissed as false rumors that it is bankrupt. The romors have been citing late payment of salaries to civil servants and disbursement of funds to institutions, including district councils.<br /><br />Mustafa Mkulo , Minister for Finance and Economic Affairs speaking to The Guardian on Sunday in Dodoma over the weekend denounced reports published by a section of media about the government running bankrupt.<br /><br />“So far all the salaries of civil servants have been paid. It is possible that there was a delay but the problem was not caused by claims that the government was broke,” Mkullo said.<br /><br />He explained that all salaries are paid from the domestic revenue, adding that the Tanzania Revenue Authority (TRA) collections between July and October reached the 99 per cent of the target. “It is possible there are some technical problems.<br /><br />The monthly economic review of the Bank of Tanzania (BoT) issued in September showed the revenue collections had risen to Sh487bn for August down from Sh449bn during the preceding month.<br /><br />The increase in revenue collections is attributed to amplified use of Electronic Fiscal Devices (EFD). There was abnormal late payment of salaries in October and in some cases until November 7.<br /><br />An official of Parliament who preferred anonymity told The Guardian on Sunday in Dodoma over the weekend was also of the opinion that the government was facing financial problems.<br /><br />According to him, allowances for Bunge workers for the 4th Parliamentary meeting that ended in August this year were settled about four days before the Parliamentary Standing Committee began convening in Dar es Salaam, ahead of the Parliamentary meeting that ended in Dodoma yesterday.</p>

The government has dismissed as false rumors that it is bankrupt.

The government has dismissed as false rumors that it is bankrupt. The romors have been citing late payment of salaries to civil servants and...

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