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Development Projects Take Huge Chunk of Tanzania's Budget

Contributors to the increased national debt are the loans for development projects that include construction at the Julius Nyerere International Airport, the standard gauge railway system, power generation projects and the construction of roads and bridges, according to the Finance and Planning Minister, Philip Mpango.

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The finance minister has said the national debt that increased by 2.35 per cent during the last twelve months is sustainable.

  • Tanzania:   How Government Plans to Pay Debt

    Citizen, 5 June 2018

    At least Sh64 in every Sh100 that the Tanzania Revenue Authority (TRA) will collect during the 2018/19 financial year will be spent on debt payment, available data show. Read more »

  • Tanzania:   Tanzania Debt 'Sustainable but Under Pressure'

    Citizen, 17 November 2018

    Tanzania debt to exports ratio has jumped to 205 per cent for 2017, from 172.9 per cent recorded during the previous year, the 2019 International Debts Statistics (IDS) released by… Read more »

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