Tanzania unveils budget for 2018/19 fiscal year
Tanzania plans to increase spending in its budget for the fiscal year ending June 2019, from Tsh31.71 trillion ($14.21 billion) to Tsh32.4 trillion ($14.4 billion). Philip Mpango, Minister for Finance and Planning, unveiled the proposals while presenting to the National Assembly the proposed national development plan and budget preparations for the next fiscal year. Mr Mpango said the total proposed budget is for recurrent expenditure and development projects. Revenues from internal sources are expected to be Tsh22 trillion ($9.8 billion).
Philip Mpango, Minister for Finance and Planning, in June.