ZANZIBAR government has posted a surplus of 6bn/- in budgetary operations, according to the Bank of Tanzania's (BoT) monthly economic review for November last year.
However, in the period under review the revolutionary government recorded a shortfall of 0.7 bn/- after adjustment to cash.
Total resources amounted to 27.5bn/-, being below the target of 28.5bn/-. Out of the total, domestic sources amounted to 14bn/-, and the balance was grants.
In the meantime, total expenditure amounted to 21.4bn/-, against the approximation of 25.4bn/-.
According to the report, revenue collections reached 14bn/- in October 2010, below the target of 14.5bn/-, mainly due to shortfall in tax collections.
Tax collections amounted to 12.8bn/-, accounting for 91.4 per cent of the total revenue collections compared with the target of 13.2bn/-. Non-tax revenue amounted to 1.2bn/-, broadly in line with the target.
Cumulatively, revenue collections in the first four months of 2010/11 amounted to 54.2bn/- or 31.6 per cent of the annual target of 171.7bn/-. During the corresponding period in 2009/10, revenue collection was 46.1bn/-.
Recurrent expenditure amounted to 16.5bn/-, compared with a ceiling of 15.9bn/-, with wages and salaries accounting for 41.8 per cent of the total recurrent expenditure.
The development expenditure in the month under review amounted to 4.9bn/- against the estimated 9.5bn/-, due to shortfalls in local and foreign resources.
The government contributions to development projects amounted to 1.5bn/- compared with the target of 5bn/-, accounting for 30.6 per cent of the total development expenditure, while foreign funded development expenditure amounted to 3.4bn/-, being below the target of 4.5bn/-, and was 69.4 per cent of the total development expenditure.
Cumulatively from July - October 2010, total government expenditure amounted to 91.1bn/-, accounting for 20.5 per cent of the annual target of 444.6bn/-. During the corresponding period in 2009, government expenditure was 83.8bn/-.
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