Tanzania: Control Debt Size

editorial

Recent figures from the Treasury indicate that the debt stock of the country is rising too fast for comfort, unless of course it can be said that all debt will be cancelled in the future.

A Bank of Tanzania review for November 2007 says that the debt rose by $338m in one month, while debt servicing (paying for the accrued interest liabilities) increased by $13m in the same month. It is useful for economists and policy makers to say if this debt increase matters or it doesn't. If it matters, then it is helpful to demand if we should put up as much debt as we get in revenue, and if it doesn't matter, then it is interesting to find out why we put up such a huge cry about debts in the past decade.

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