Tanzania national debt shoots 17pc to $34bn on key projects
MPs blame the rise on funding of roads, railways, airports, water and power facilities.
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MPs blame the rise on funding of roads, railways, airports, water and power facilities.
Tanzania’s national debt increased by over Tsh12 trillion ($4.71 billion), or 17 percent, to reach Tsh87.47 trillion ($34.3 billion) as at December 2023
The Budget Committee Chairman, Mr Daniel Sillo, urged the government to create the public procurement policy and strategy.
Tanzanian members of Parliament on Monday urged the government to invest heavily in key sectors, including mining, tourism, agriculture and livestock in order to achieve economic development targets. The MPs made their appeal to the government in a report by the parliamentary committee on budget tabled in the House by…
Tanzanian Members of Parliament on Monday urged the government to heavily invest in irrigation farming that stood better chance of boosting the country's gross domestic product (GDP) growth. Debating the 2022/2023 budget proposals for the Prime Minister's Office, the lawmakers observed that the government should also invest in agricultural research…