BETWEEN 30 and 40 public institutions and agencies that have failed to operate sustainably without relying on government subsidies are to be dissolved during the current financial year, the government has indicated.

Nehemia Mchechu, the Treasury registrar, said this at a press briefing ahead of a workshop for board chairmen and chief executives of parastatal organisations starting today.

President Samia Suluhu Hassan will officiate at the opening of the workshop, intended to review the status of institutions that fail to contribute to government revenue, while there is a need to reduce dependency on government funds.

The Treasury Registrar’s office expects to see a decrease in the number of institutions reliant on government support, for instance as regards salaries and operational costs.

This implies reducing 30 to 40 institutions, he said, noting that if the exercise is successful it will encourage contributors to budgetary funds to increase their contributions, in expectation that the government would have sufficient funds to deliver essential social services.

He explored the TR’s role as custodian of public investments overseeing 248 public organisations and 58 other entities where the government also holds shares.

The total book value of public investments stands at 76trn/- as the registrar closes accounts for this year, he said.

 The 76trn/- public investments are central to the country’s economy, he said, pointing out that managements of public investments oversee non-tax revenue, sourcing over 95 percent of non-tax revenues.

Affirming the importance of the meeting, he said the consultations facilitate changes and improvements in the management of public institutions.

The number of institutions contributing dividends to the government had increased from 109 to 145 during the past financial year, while this year the registrar intends to strengthen board training, new guidelines and enhanced residential support.

The meeting will feature presentations from local and international speakers, examining how public institutions can explore investments beyond Tanzania’s borders, he said.

Various topics will be covered, offering participants opportunities to exchange experiences, review resolutions from last year's meeting, reaffirm government expectations and plan strategies for the current year, he added.