MONITORING and evaluating state-owned assets under the Treasury Registrar is among key priorities for the Planning and Investment wing of the President’s Office in the next financial year.

Prof. Kitila Mkumbo, the Planning state minister in the President’s Office, issued this projection in presenting the ministry’s budget estimates for 2025/26 in the National Assembly yesterday.

He said the government will enhance the management of state assets and factually privatized properties such as farms, factories and land to ensure their effective use for public benefit.

He set out 31 priorities emphasizing efficient management of government assets, boosting investment opportunities and supporting sustainable development through strategic planning and improved governance.

The government also plans to launch the Bagamoyo Special Economic Zone as a major project designed to attract domestic and international investors, he said.

Through public-private partnerships, the government expects to drive economic growth and create job opportunities with a focus to advancing Tanzania’s long-term development plan, he said.

He requested approval for 148.62bn/- to fund key activities and projects in the upcoming fiscal year, a move that underscores the government’s commitment to driving economic transformation.

Among the key focus areas for the Office of the Treasury Registrar is the implementation of a long-term strategic plan spanning 25 years, from 2025/26 to 2049/50, he said.

To boost efficiency, the government plans to strengthen the use of ICT systems to enhance its capacity in collecting non-tax revenues, where it is developing a digital dashboard to streamline operations.

This will enable real-time access to data, improve transparency, and enhance management of these revenues

Public institutions have been urged to allocate budgets for investing in integrated ICT systems to support this initiative, including the use of specific guidelines on the roles of board members, performance evaluations and responsibilities of government representatives in partially state-owned institutions.

The registrar is expected to collect 1.56trn/- in non-tax revenue during fiscal 2025/26, a significant increase from 1.113trn/- targeted for the past financial year, he said.

As of March 2025, a total of 664.53bn/- had been collected, representing 60 percent of the year’s target and 86 percent of expectations for that specific period.

“We are confident that the 2024/25 revenue target of 1.113trn/- will be met, especially with a significant portion expected to be collected in the fourth quarter,” he stated.

In line with these efforts, the government intends to complete and begin the implementation of a long-term strategic plan for the Treasury Registrar’s Office from 2025/26 to 2049/50.

The plan includes developing national model projects in areas such as Ruvuma, Mara, Tanga and Shinyanga. This will be complemented by systems to track and evaluate the performance of investment projects across the country, he said.

Yahya Massare (Manyoni West), a member of the Administration, Constitution and Legal Affairs standing committee, raised concerns on poor valuation of assets returned to the government.

This could result in financial losses if the true value of these assets is not assessed accurately, he said, pointing at the importance of improving the management of revenue from privatized government assets.

Investors need to take into account the country’s strategic investment opportunities, particularly national projects, he stated.

A comprehensive evaluation of ongoing and planned projects to ensure that they contribute effectively to the nation’s economic development and benefit the citizens is needed, he added.