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.
Citizen, 3 June 2019
Finance and Planning minister, Dr Philip Mpango has said new loans secured by the government during implementation of mega projects was among the four reasons that has contributed… Read more »
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 »
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 »
East African economies have in the past 10 years borrowed over the U.S.$29.42 billion to grow their transport, communication, manufacturing and energy sectors. According to the ... Read more »