IJSSE - International Journal of Social Sciences and Entrepreneurship Upcoming Journals: International Journal of Innovation and Management (IJIM), International Journal of Engineering and Architecture (IJEA) & International Journal of Science and Agriculture | IJAE, IJEF & IJHRP Call for Papers - Forthcoming Issue (Decemer 2014). Submission deadline: 25th December 2014 |

No images

United States United States
Your Time

User Statistics Info
IJSSE is one of the leading International Journals by User Statistics!

Login Form

IJSSE Newsletter Form
Full Names *
E-mail Address: *
Country *
PDF Print E-mail


Mohamed Yusuph

Temeke Municipal Council, Dar es Salaam, Tanzania

Mnguu Youze O.

Institute of Rural Development Planning Dodoma, Tanzania


The role of the Small and Medium Enterprises (SMEs) as a catalyst for economic growth and development has been well documented in the economic literature and it is recognized that fiscal and monetary policies played a great role to robust such economies in most countries. SMEs depend on features such taxations, spending decision of the government, optimal use of money, level of employment and interest prevailing in the economy. In Tanzania, SMEs enjoy a competitive advantage over large enterprises in servicing dispersed local markets. It presumed to play the leading role in developing the sector on their ability to identify and exploit opportunities for the sector’s future rests. The paper based on secondary data with a review on the fiscal and monetary factors in Tanzania  that have repercussions on SMEs development as to recount the way forward in improving SMEs development in the economy. The review reveal that fiscal policy in Tanzania is pro-cyclical due to rise in inflation rates that crowd out SMEs investment, it realized that offsetting the fiscal stimulus is necessary to control price because pro-cyclical behavior of fiscal policy affects SMEs development. From the review it observed that although main challenge is fiscal and monetary policies as macroeconomic factors but other challenges are historical determinants, business environments and growth opportunities still challenges SMEs development.

Full Text PDF Format

Publication Disclaimer: The accountability of the article published in IJSSE journals is entirely of the author(s) concerned and not of the publisher/editor. The view expressed in the articles of any IJSSE journal is those of the contributors, and it does not essentially correspond to the views of the publisher/editor. It is responsibility of the authors to seek copyright clearance for any part of the content of the articles. The publisher/editor of IJSSE journals is not liable for errors or any consequences arising from the exercise of information contained in it.
Free counters!
IJSSE - International Journal of Social Sciences and Entrepreneurship | Copyright 2013 | All Rights Reserved  <