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Finance Ministry blames delay release of funds on economy

October 17, 2019

By Ibrahim Tarawallie 

finance

Principal Deputy Financial Secretary, Matthew Dingie

Principal Deputy Financial Secretary in the Ministry of Finance has stated that the delay in releasing allocated funds and low ceiling to Ministries, Departments and Agencies (MADs) is not the making of the ministry, but the economy of the country.

During the just concluded bilateral 2020 budget discussions at the Miatta Conference Centre, almost all the MDAS who made presentations complained of delay on a yearly basis in accessing allocated funds.

They claimed that the delay by the finance ministry to release funds was largely responsible for unfulfilled key deliverables.

Civil society and non-state actor representatives urged the finance ministry to make sure that going forward, funds approved are released on a timely manner, to ensure effective delivery of service by MDAs.

Responding, Matthew Dingie said: “It is not that we have unlimited resources that we don’t want to release to MDAs. We have to put policies and reforms in place that will generate revenue to be able to provide for government services.”

He urged CSOs to support the ministry in making sure that those policies which they formulate succeed by encouraging people to adhere to those policies.

“If there is resistance from CSOs and the people on areas government should generate revenue for the functioning of the state, then those reforms which we are implement will fail,” he said.

He stressed the importance of the budget hearing and discussions, adding that the budget bill that will be tabled in parliament is important because it cuts across every sector of the economy.

According to Dingie, the policies that will be pronounced in that bill, especially on taxes, expenditure or the services government will provide for that year will affect and impact the life of every citizen in the country.

He noted that in order to improve on the lives of people, jobs have to be created because the barometer used to measure a government has to do with the amount of jobs created or the avenue given to the private sector to create jobs.

“We have listened carefully to your suggestions and comments on how to make the process better and I want to assure you that we have noted them down and next year definitely there will be some improvements on how we do things. We will not get tired in engaging you every year because it can only continue to be strengthened and improve upon as we do it yearly,” Dingie noted.