The Influence of Financial Planning on the Availability of Water for Domestic Use in Pangani Basin Tanga, Tanzania

Abstract

Water is an indispensable resource crucial for sustaining life even though projections indicate that by 2025, over 3 billion people will inhabit water-stressed regions, with 14 countries transitioning from water stress to water scarcity. This study investigates the influence of financial planning based on financial control and decision-making on water availability for domestic use in the Pangani Basin, Tanzania. The research examines the interconnectedness between financial planning and water availability outcomes through a mixed-method approach, combining quantitative analysis and qualitative insights from key informants. Quantitative findings reveal a significant positive correlation between financial planning and domestic water availability (β = 0.377, p < 0.001), emphasising the importance of effective financial control particularly on budgeting and its proper use for improving infrastructure. Likewise, stakeholders’ participation in the decision-making process is important for water resource management. The study highlights the importance of effective financial control and decision-making to ensure sustainable access to clean water for local communities. The study recommends that the Pangani Basin Water Institute emphasise proper use of financial resources for water infrastructure and prioritise stakeholder engagement in decision-making processes.

Keywords

• financial control
• financial decision-making
• planning