The Parliament of Tanzania has approved the Government’s revenue and expenditure estimates of TZS 56.49 trillion for the 2025/26 Financial Year, prioritizing economic growth, development projects, and increased allocations to manufacturing and agriculture. The budget will be financed mainly by domestic revenue, grants, and loans.
Speaking while clarifying various questions from Members of Parliament before the open voting exercise to approve the budget, the Minister of Finance, Hon. Dr. Mwigulu Nchemba, stated that the Government will continue to ensure, through the 2025/26 budget, that economic growth targets are achieved by focusing on the effective implementation of development projects as outlined in the Third Development Plan 2021/22–2025/26 (FYDP III), including pilot and strategic projects, strengthening production projects, and enhancing the quality of human resources, especially in the social services sectors.
“The Government will continue to control inflation in the country to cope with changes in global commodity prices by strengthening various production sectors, including increasing the use of natural gas produced domestically, as well as encouraging the use of alternative energy to reduce the importation of petroleum products; improving the environment to stimulate the production of fertilizers, edible oils, sugar, and other essential products to reduce imports; continuing with the implementation of sound financial and budgetary policies; and increasing crop production to facilitate the availability of food in domestic markets,” said Dr. Nchemba.
Read more at: https://www.tanzaniainvest.com/economy/national-budget-2025-2026-approved
