Presenting parliament yesterday initiative of the Second Development, the Minister of Finance and Planning, Dr. Phillip Programme said in these funds, Sh trillion 59 will be provided by the government, while the remainder of Sh trillion 48 zitachangiwa and private sector with loans and grants from abroad.
Giving a breakdown of the financing deal, said Dr. Plan every year the government will provide 11.8 trillion shillings and that in the five years of the plan, the government will have provided a total amount of 59 trillion.
He said the second area of the program costs, litabebwa and private sector credit and foreign aid and government a better environment for private sector investment in development projects.
He said in the program, there is a substantial increase in funds to finance the deal, compared to the first reason for this increase is expected to parallel the size of projects and stimulating the availability of the enabling environment for business and investment operations. He said the country invests in the construction industry, attract foreign aid and that is thanks to the experience of other countries Inserted on industrial investment strategies.
"Our logic is that the country has to have a specific strategy to raise funds to facilitate the implementation of this program effectively," said Dr. Plan. On the government side, said Dr. Programme finance initiative, be received at the collection of tax and non-tax, where the government has outlined major projects such as the model of the Mchuchuma coal and Liganga Stainless.
