CAG sounds alarm on Tanzania’s pension funds sustainability amid massive govt debts

Dar es Salaam. The Controller and Auditor General (CAG) has raised concerns about the sustainability of pension funds amid a rising government debt, which stood at Sh3.57 trillion in the 2023/24 financial year, according to newly released audit reports.

The concerns are detailed in the CAG’s audit report on public authorities and other bodies for the 2023/24 financial year.