Tanzania banks on self-reliance to fund $24bn budget

Tanzania’s Finance Minister Khamis Mussa Omar presents the Government Budget for the 2026/27 fiscal year in Dodoma, Tanzania June 11, 2026.

Photo credit: Reuters

Tanzania’s Tsh62.33 trillion ($24 billion) budget for 2026/27 is anchored on raising at least 75 percent of its funding from domestic sources, as the government seeks to offset an expected decline in external support amid lingering concerns over the country’s civil rights record.

Finance Minister Khamis Mussa Omar identified strategic government projects as key spending priorities for the new fiscal year, including the cross-country standard gauge railway, road infrastructure expansion, improved water services and clean energy projects.