Tanzania May Increase Borrowing to Fund Budget After Aid Cut

By Alawi Masare
Tanzania may borrow more to help finance its budget this year after foreign donors said they will withhold funding because of a corruption scandal, Finance Ministry Permanent Secretary Servacius Likwelile said.

The U.K., Japan, Germany and other development partners including the World Bank announced last week they will keep back about four-fifths of the $558 million pledged for the country’s 2014-15 budget. Foreign loans and grants account for about 15 percent of Tanzania’s...

Vijimambo

Habari Zinazoendana

10 years ago

Express.Co.Uk

22 Jul

Cut foreign aid budget to make some easy savings

Express.co.uk
Cut foreign aid budget to make some easy savings
Express.co.uk
It is about time too. You don't need the Chancellor's brains or instinct for saving taxpayers' money to realise that we should not be paying for trapeze lessons in Tanzania or funding governments that already have their own space programmes. However ...

 

10 years ago

TheCitizen

21 Oct

IMF mulls action to fix Dar Budget after aid cut

>The International Monetary Fund said it was working with the government to review this year’s budget performance following the decision by donors to withhold $558 million (nearly Sh1 trillion) in aid due to corruption concerns in the power sector.

 

10 years ago

Coastweek

23 May

Tanzania military plan to increase defence budget by 30 per cent

IPPmedia
Tanzania military plan to increase defence budget by 30 per cent
Coastweek
DAR ES SALAAM Tanzania (Xinhua) -- Tanzania has said that it will increase its defense budget by 30 per cent in the next fiscal year. Hussein Mwinyi, the east African nation's Minister for Defense and National Service, told the National Assembly in capital ...
Security first priority - govtIPPmedia
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10 years ago

The Sun Current

17 Sep

Richfield boy looks to fund aid trip to Tanzania

Richfield boy looks to fund aid trip to Tanzania
The Sun Current
A Richfield boy is raising funds for a trip to Arusha, Tanzania, to volunteer at the Living Water Children's Center orphanage, where he will arrive with much-needed school supplies and well-deserved toys. Cody Roemen, a 10-year-old boy who recently moved ...

 

10 years ago

TODAYonline

16 Apr

EU resumes budget support to Tanzania, releases aid funding

EU resumes budget support to Tanzania, releases aid funding
TODAYonline
DAR ES SALAAM - The European Union has released 53.26 million euros ($56.7 million) in aid to Tanzania as part of a budget support package that had been suspended over corruption allegations in the east African nation. Tanzania, one of Africa's biggest ...

 

10 years ago

TheCitizen

02 Jun

Why govt is unable to increase health budget

Dar es Salaam. The government has blamed revenue shortfalls for its failure to allocate 15 per cent of the national budget to the health sector.

 

10 years ago

TheCitizen

29 Apr

Govt to increase defence budget, affirms Kikwete

>President Jakaya Kikwete has said that the government will keep on increasing defence budget since there is no substitute to it in defending the country’s territorial sovereignty.

 

10 years ago

TheCitizen

19 Mar

EDITORIAL: Yes, we can fund our budget but only if...

A nation commands respect worldwide and upholds its sovereignty when it executes its development plans using its own resources. The founding father of this nation, Mwalimu Julius Nyerere, was aware of this when he chose to chart Tanzania’s development path along the lines of the self-reliance policy.

 

10 years ago

TheCitizen

18 Mar

Belgium threatens to cut $12m aid to Uganda

Kampala. Uganda on Monday stood by plans to send more than 240 of its health workers to the Caribbean despite a Belgian threat to cut 11 million euros in aid. Last week Belgium’s cooperation minister, Alexander De Croo, said his country was suspending a transfer of development money destined for the east African nation’s health sector.

 

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