Tanzania Budget Proposes 85% Increase in Infrastructure Spending

Tanzanian Finance Minister Mustafa Mkulo announced a 13.5 trillion-shilling ($8.6 billion) budget that included an 85 percent increase in infrastructure spending as the government seeks to accelerate economic growth.

The East African nation expects to collect 6.77 trillion shillings in tax and non-tax revenue, representing 17.2 percent of the East African nation’s gross domestic product, Mkulo said in his annual budget speech today in Dodoma, the capital.