What Tanzanians should expect as new financial year begins
Finance minister Mwigulu Nchemba displays the briefcase containing the 2025/26 Budget Speech before delivering it in Parliament in Dodoma on June 12, 2025. PHOTO | COURTESY
Dodoma. The 2025/26 government financial year officially begins today, July 1, bringing with it a range of changes that offer relief to some citizens while increasing the financial burden on others.
The new budget, amounting to Sh56.49 trillion, was passed by Parliament on June 24, 2025. It introduces significant amendments to tax structures, regulatory frameworks, and service charges—some of which will immediately impact the daily lives of Tanzanians.
