Tanzania national debt shoots 17pc to $34bn on key projects

sgr pix

An elevated section of the standard gauge railway (SGR) in Dar es Salaam, Tanzania. PHOTO | THE CITIZEN | NMG

Tanzania’s national debt increased by over Tsh12 trillion ($4.71 billion), or 17 percent, to reach Tsh87.47 trillion ($34.3 billion) as at December 2023.

The Parliamentary Budget Committee, in its Government Budget Implementation Report covering February 2023 to January 2024, said that government debt jumped sharply from Tsh80.33 trillion ($31 billion) in June 2023.