DODOMA, June 28 -- PRESIDENT Samia Suluhu Hassan has revealed that, as of May this year, the public debt stood at 107.7tri/-, comprising 72.94tri/- external debt and 34.76tri/- in domestic debt driven largely by legacy debts and the depreciation of the Tanzanian shilling.

She noted that the rise in public debt has been driven by several factors, including the disbursement of both newly acquired loans and older ones signed under previous administrations, primarily intended to support key development projects.

President Samia made the remarks when she delivered her special speech in the House, marking the conclusion of the activities of the 12th Parliament in Dodoma yesterday She emphasized that while a loan agreement may be signed today,...