Dar es Salaam, Sept. 29 -- THE government has launched an electronic system to prepare budgets of parastatal organisations and directs accounting officers to apply it during their 2021/22 budget preparations.

Speaking at a launching event, Deputy Permanent Secretary in the Finance and Planning, Mary Maganga on behalf of Permanent Secretary, Doto James, directed the Treasury Registrar, Athumani Mbuttuka not to accept any budget prepared out of the system.

Ms Maganga commended the Treasury Registrar, saying the introduction of the system was as a result of efforts of his office in strengthening management of public funds in government's agencies, institutions and public organisations, adding: "This helps in controlling loopholes that were...