OPINION & ANALYSIS: Key messages from Tanzania’s FY-2020/21 budget
What you need to know:
Budget 2020/21 is woven around the theme ‘Stimulating the economy to safeguard livelihoods, jobs, businesses and industrial economy.’ In keeping with the theme, the government foresees a rise in spending and the budget will likely have a deficit of 2.6 percent of GDP in FY-2020/21, higher than the estimate of 2.3 percent in FY-2019/20 but below the current deficit ceiling of 3.0 percent, as defined by the macroeconomic convergence criteria agreed in the East African Community.
