Tanzania government defends borrowing, hints at tax reforms as budget approved

Minister for finance Dr Mwigulu Nchemba addresses Parliament during the winding up of the 2025/26 national budget debate on Tuesday, June 24, 2025. He reassured lawmakers that the country’s rising debt levels remain sustainable and reaffirmed the government’s commitment to responsible fiscal management. PHOTO | EDWIN MJWAHUZI

What you need to know:

  • The minister for Finance, Dr Mwigulu Nchemba, reassured the august House that Tanzania’s public debt remained sustainable