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'Magunomics' heralds new beginning for Tanzania
THE name John Pombe Magufuli has reverberated across the whole world, amplified many times over by his actions soon after taking office. He has become a social media sensation, less than a month after being sworn in as the fifth president of our country, especially after introducing significant austerity measures to cut on unnecessary government expenditure and save the meagre financial resources. 0 Comments Across the world, President Magufuli is being praised as a man who places his country’s priorities at heart and shows it by words and deeds. He has set forth his agenda by restricting foreign travel by senior government officers and slashed about 200m/- set aside for the parliamentarians’ congratulatory party. He cancelled Independence Day celebrations last week, which are normally expensive undertakings characterised by pomp and ceremony, and elected instead to engage in a national clean-up exercise whose symbolic value of clearing trash and starting afresh was not lost on observers. He launched a crackdown on tax evasion that cost the nation billions of shillings by suspending Tanzania Revenue Authority (TRA) Commissioner General, Rished Bade, and five other senior officers over for failing to account for about 80bn/- from missing containers from the Dar es Salaam Port to an inland container deport. As the mystery about the missing containers was unfolding and more rot revealed, President Magufuli also disbanded the Board of Directors of Tanzania Ports Authority (TPA) and suspended the Acting Director General, Awadh Massawe. The Permanent Secretary in the Transport Ministry, Dr Shaban Mwinjaka, under whose docket TPA falls, was also sent home as President John Magufuli sustained the pressure on corruption and lack of accountability in the public sector. It is because of all these measures that Tanzania is poised for a new beginning with measures to reduce government budget deficit and demonstrate government’s fiscal discipline to creditors and credit rating agencies by bringing revenues closer to expenditures. It is no wonder that some economist have coined the term ‘Magunomics’ to refer to the economic policies and anti-corruption crusade, which are predicted to increase government revenue in the near future and promote efficiency and productivity. The above pinpointed, it is exactly what we need to uplift the budget and hence stimulate growth and prosperity of the people.
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