The Bank of Tanzania’s (BoT) latest Monthly Economic Review (MER) for November 2022 has put Tanzania’s stock of external debt – for both the public and private sectors – at $27.482 billion as at the end of October 2022. While the amount symbolises a $140.4 million increase compared to what it was at the end...
The government’s domestic debt has risen over 52% in the last four years. The official data reveal that the debt has been dramatically increasing as it stood by Sh. 13 trillion in January 2018 and recorded at Sh. 25 trillion by January 2022. According to Mr Emmanuel Turuba, the permanent treasury secretary, the government uses...