Tanzania wants to increase its annual budget by 11.6 per cent in the 2025/2026 fiscal year, from Tsh49.35 trillion ($18.98 billion) to Tsh 55.06 trillion ($20.4 billion at current exchange rate), while maintaining the domestic financing ratio at above 70 per cent.
According to Finance Minister Mwigulu Nchemba, internal revenue projections have risen from Tsh34.6 trillion ($12.79 billion) in 2024/2025 to Tsh38.9 trillion ($14.4 billion) while total contributions from external sources are expected to yield Tsh16.02 trillion ($5.93 billion).
