CorporateEconomy

TR Office records 40pc increase in non-tax revenue

The government has collected Sh884.7 billion from July 2024 to May 2025, marking a significant rise from Sh633.3 billion collected during the same period in the 2023/24 financial year

Dar es Salaam. The Office of the Treasury Registrar (OTR) has recorded a 40 percent rise in non-tax revenue from public entities and government minority-share companies in an 11-month period compared to the same period last year.

This was revealed by the Treasury Registrar, Mr Nehemiah Mchechu, during a meeting with editors of media houses in Dar es Salaam on Monday, June 2, 2025.

“The government has collected Sh884.7 billion from July 2024 to May 2025, marking a significant rise from Sh633.3 billion collected during the same period in the 2023/24 financial year,” he noted.

This figure also represents a 15.3 percent increase compared to the total annual collection of Sh767 billion in the previous financial year, reflecting improved financial discipline and accountability across public institutions.

Mr Mchechu attributed the growth to strengthened oversight, closer monitoring of contributions and dividends, and increased use of digital systems.

He explained that the majority of non-tax revenue came from dividends, which contributed 63.9 percent of the total.

Contributions based on 15 percent of gross revenue accounted for 29.7 percent, while the remaining 6.4 percent was generated from other sources including loan repayments, interest from on-lent funds, and fees from an advanced telecommunications traffic monitoring system (TTMS).

The Treasury Registrar highlighted that this strong revenue performance reflects broader reforms within public institutions.

“One of the major achievements has been the integration of key government systems — including PlanRep, ERMS, e-Watumishi, and the upgraded MUSE platform — which now allow seamless data sharing and enhance transparency, efficiency, and accountability in the management of public funds,” he said.

Leadership development has also been a core focus of the reform agenda.

According to Mr Mchechu, 111 chief executive officers of public institutions this year participated in leadership induction programmes designed to strengthen governance and improve strategic decision-making.

Complementing this effort, the use of Key Performance Indicators (KPIs) has helped evaluate the performance of boards and management across government institutions, promoting greater accountability and results-based management.

He added that the government has made notable progress in enhancing its participation in companies where it holds minority shares, particularly in the banking, industrial, and mining sectors.

These efforts have included revising shareholder agreements and improving governance structures.

As a result, the value of government investments rose from Sh75.79 trillion in 2022/23 to Sh86.29 trillion in 2023/24.

Looking ahead, public institutions are preparing for Dividend Day 2025, scheduled for June 10 at State House, Dar es Salaam.

On this day, institutions will formally hand over dividends to the government in a ceremony to be officiated by Hon Dr President Samia Suluhu Hassan.

Established as a platform for promoting transparency and accountability, the event is now a key milestone in evaluating the performance of public enterprises.

As the country prepares for this important occasion, Mr Mchechu underscored the vital role of the media in supporting national development through timely and accurate dissemination of information.

He called for continued collaboration between the Treasury Registrar’s Office and media stakeholders to raise public awareness and enhance institutional accountability.

“This is not just about increasing revenue,” he said. “It is about transformation, discipline, and ensuring that public resources deliver real value to the people of Tanzania.”

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