The Minister for Finance, Khamis Mussa Omar, read the Government Budget for the year 2026 2027 on June 11 to Parliament; in which he presented a Budget of Sh62.33 trillion, a 10.3 percent increase from last year’s, sourced to 74.2 percent from domestic revenues to emphasise the need for self-reliance.
The Budget targets a GDP growth rate of 6.3 percent, and is themed:
“Building a resilient economy through digital transformation, strategic investment, and sustainable fiscal policies for inclusive economic growth”, the 2026/2027 Budget being the first to be implemented under Tanzania’s National Development Vision, 2050.
Related
Budget: MPs call for asset recovery, spending cuts to boost execution
