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.

Photo: Pixabay

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

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