How Tanzania's Sh49.35 trillion budget can work

Dar es Salaam. With Finance minister Mwigulu Nchemba expected to present Tanzania’s Sh49.35 trillion budget for the fiscal year 2024/25 in parliament today, expectations are that he will come up with a plan that stimulates the productive sector.

Asking the parliament to approve a total of Sh18.287 trillion for his ministry for the fiscal year 2024/25, Dr Nchemba said Tanzania’s total budget for the 2024/25 fiscal year could stand at Sh49.35 trillion, up from Sh44.39 trillion that the parliament approved in June last year for the 2023/24 fiscal year.