DODOMA, Feb. 3 -- THE government plans to increase spending by 9.75 per cent in the coming fiscal year to boost growth and safeguard hard-won macroeconomic gains achieved over the last decade.
Expenditure for the 2026/27 year is projected at 61.9tri/-, up from 56.4tri/-, Finance Minister Ambassador Khamis Mussa Omar told lawmakers in Parliament yesterday as he unveiled budget guidelines for the forthcoming fiscal year.
The budget is part of a broader 204 trillion-shilling medium-term plan through 2029 aimed at achieving the nations “Vision 2050” development goals.
He said the budget guidelines are designed to provide a predictable, credible and results-oriented framework for government planning and expenditure.
The guideli...
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