Tanzania allocates Sh10.5 trillion to service national debt

Minister of Finance and Planning, Dr Mwigulu Nchemba tables the income and expenditure estimates for his ministry in Parliament in Dodoma yesterday. Mwigulu has requested Sh16.03 trillion to fund his ministry’s budget for the fiscal year 2023/2024.  PHOTO | EDWIN MJAHUZI

What you need to know:

  • As he requested the Parliament’s approval of a total of Sh15.94 trillion for his ministry for the fiscal year 2023/24, the Finance and Planning Minister, Dr Mwigulu Nchemba, said a total of Sh10.48 trillion would be spent on servicing the government debt