Debt repayments to gobble up Sh10.7trillion

The minister for Legal and Constitutional Affairs, Dr Mwigulu Nchemba, presents in Parliament on behalf of the minister for Finance and Planning some information on the proposed five-year National Development Plan (2021/2022 - 2025/26) and the State Budget for FY-2021/2022, in Dodoma yesterday. PHOTO | JONATHAN MUSSA

What you need to know:

  • The amount is almost the entire 2021/22 budget of the Ministry of Finance and Planning, and will constitute a huge chunk of the government’s development expenditure in its next fiscal plan to be presented in Parliament on Thursday