Annual general report of the controller and - Parliament of Tanzania

goal, organizations need to institute a series of aspects
that shall enable them to exercise effective controls that
will lead to elimination of wastes fortified by fraud,
negligence, embezzlements and sloppy performance.
(x) Results of privatization
In early 1990s the Government decided to disengage on
commercial running of its PA&oBs by the process known as
privatization, and the Government decided to immerse on
the regulatory roles, leaving commercial activities in the
hands of the private sector. Such decision was attributed
by several reasons including under performance of entities
owned entirely by the Government. Not all of the
Government entities were privatized, some of which were
earlier specified for privatization but were later despecified
and the Government has instituted the
restructuring process to back them into full operations.
The privatization of PA&oBs commenced back in the year
1993 and PA&oBs Sector Reform Commission (PSRC) was
vested with all power for supervision of all the divestures
of all PA&oBs. However, the Commission operations seized
officially on 31 st December 2007 after completing the
divesture of a substantial part of the specified PA&oBs. The
left stock of 34 PA&oBs were at different stages of
privatization, were transferred to the Consolidated Holding
Corporations with effect from 1 st January 2008.
(xi) Results of special audits
The Public Finance Act No. 6 of 2001 (revised 2004) as
amended by the Public Audit Act, No. 11 of 2008 Section
36(1) authorizes the Controller and Auditor General to
carry out special audits. The Act clearly stipulates that
where at any time it appears to the Controller and Auditor
General desirable that any matter relating to public monies
or public property should be drawn to the attention of the
National Assembly without undue delay, he shall prepare
special report relating to such matter and submit the
report to the President. It is in this respect that during the
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