Government unveils Budget as it targets growth

Dar es Salaam. The government will take a raft of measures as it seeks to attract investment and motivate local manufacturers while discouraging importation of products that are also produced locally in an attempt to respond to Tanzania’s pressing economic needs.

Requesting the Parliament to endorse a total of Sh44.4 trillion in both recurrent and development financing for the Tanzania in the financial year 2023/24, the Finance and Planning Minister, Dr Mwigulu Nchemba detailed a number of fiscal measures that the Samia Suluhu Hassan administration will take to attract investment, stimulate domestic production and discourage importation of products that are also produced locally.