Corporate

Treasury Registrar’s Office targets to collect Sh2 trillion

The amount targeted for collection exceeds the current fiscal year's goal of Sh1.6 trillion that the government had set for the OTR

Kibaha. The Office of the Treasury Registrar (OTR) has set a target of collecting Sh2 trillion in non-tax revenue for the 2025/26 financial year, it has been revealed.

The revelation was made on Monday, July 28, 2025, by the Treasury Registrar, Mr Nehemiah Mchechu, during the opening of a four-day induction programme for heads of public institutions, organized by the OTR in collaboration with the Uongozi Institute.

The amount targeted for collection exceeds the current fiscal year’s goal of Sh1.6 trillion that the government had set for the OTR.

“To achieve our target of Sh2 trillion, we will have to increase our efforts by 100 percent compared to the previous financial year,” said Mr Mchechu.

In the previous financial year (2024/25), the OTR collected Sh1.028 trillion in non-tax revenue.

Among the main sources of non-tax revenue are dividends, which are revenues from profit-making state-owned enterprises and are collected under the Companies Act [CAP 212, Section 180] and the Public Corporations Act [CAP 257, Section 15(2)(b)].

Other sources include the 15 percent contribution from gross revenue—Section 12(3) of the Public Finance Act [CAP 348] requires public institutions (that are not subject to dividend payment) to remit 15 percent of their gross income to the Consolidated Fund.

There are also other revenues, including 70 percent of surplus income from public institutions, loan repayments and interest, and remittances from the Telecommunications Traffic Monitoring System (TTMS), which tracks and facilitates communication between Tanzania and other countries.

Mr Mchechu believes that this induction training—targeting a second group of 114 executives, including newly appointed leaders as well as long-serving ones who had not previously received this training—will be a catalyst for transformation in public institutions.

The aim of the training is to strengthen the capacity of institution heads in areas of leadership and ethics, financial accountability, and public investment management.

 As of the 2023/24 financial year, public investments had reached approximately Sh86.25 trillion, with these funds invested in 252 public institutions and 56 companies in which the government holds minority shares.

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