Tanzania: Air Tanzania Among Entities That Borrowed Money Without Approval, Says PAC

Dodoma — Air Tanzania Company Limited (ATCL, is among institutions that have been named by the Parliamentary Accounts Committee (PAC) that borrowed Sh896 billion without the approval of the Ministry of Finance and Planning as required by law.

Another institution named by PAC is the Arusha International Conference Center (AICC).

The Vice Chairman of the committee, Mr Japhet Hasunga said this on Thursday, October 21, 2021 during an interview with The Citizen after reviewing the report of the Controller and Auditor General (CAG) for the year 2019/20.

Mr Hasunga said they have also noted the lack of a proper record keeping for the national debt where some debts are either not visible or the records are not accurate.

"All institutions that borrowed money without the ministry's approval are required to repay the debts because we have identified they were not approved by the Finance and planning ministry," Mr Hasunga said.

He did not however say when exactly the said monies were borrowed.

In addition, Hasunga said the committee found that the criteria used to assess the sustainability of the debt was well established.

"The government said criteria would change as Tanzania is currently classified as a middle income country," he said.

It was the same report that identified that Air Tanzania Ltd among the loss making government entities.

During his report presentation at the State House Dodoma, CAG Charles Kichere said one of the loss-making companies that came to the forefront was ATCL, emerging that the carrier has incurred losses worth Sh150 billion in the past 5 years.

AllAfrica publishes around 700 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

X