The Parliament of Tanzania has approved a TZS 20.19 trillion budget for the Ministry of Finance for FY 2025/26 to support its five key priorities. The budget includes TZS 19.43 trillion for recurrent expenditure and TZS 757.79 billion for development, alongside allocations for the National Audit Office.
On 5th June 2025, the Parliament of Tanzania approved the Ministry of Finance’s TZS 20.19 trillion budget for the 2025/26 fiscal year, designated for both recurrent and development expenditures across its eight budget votes. Out of the total amount, TZS 19.43 trillion (96.2%) has been allocated for recurrent expenditure, while TZS 757.79 billion (3.8%) has been set aside for development expenditure.
The approval followed a request presented by the Minister for Finance, Dr. Mwigulu Nchemba, in Parliament in Dodoma, outlining the ministry’s financial plans and five priorities for the upcoming fiscal year.
The key priorities of the Ministry of Finance for the 2025/26 fiscal year include mobilizing and collecting a total of TZS 50.17 trillion to implement the Government Budget, and servicing government debt amounting to TZS 14.22 trillion that is due for repayment. Other priorities include establishing a unified invoicing system for government payments to enhance revenue collection efficiency, improving, integrating, and strengthening the security of electronic systems used for managing public finances and assets, and formulating a Public Assets Management Policy.
Dr. Nchemba further explained that, “The Ministry of Finance aims to mobilize and collect financial resources amounting to TZS 50.17 trillion for the implementation of the Government Budget for the 2025/26 fiscal year. Out of the total, the Tanzania Revenue Authority (TRA) is projected to collect TZS 34.10 trillion, TZS 1.07 trillion is expected from grants, concessional and commercial loans from domestic and external sources will amount to TZS 14.95 trillion, and non-tax revenue is projected at TZS 53.54 billion.”
Read more at: https://www.tanzaniainvest.com/finance/ministry-finance-budget-2025-2026
