Niksta254
JF-Expert Member
- Jul 31, 2017
- 397
- 214
Dar es Salaam — Tanzania's public debt rose by 15 per cent during the 2016/17 financial year even as the government grapples with own sources of development financing amid growing unpredictability of funds disbursements from development partners.
Latest figures show that the debt had reached Sh53.3 trillion (about $24.514 billion) during the financial year that ended on June 30, 2017.
Put in perspective, the Sh53.3 trillion national debt is roughly the equivalent of half the country's gross domestic product (GDP), which hit the Sh103.7 trillion mark in 2016.
A Bank of Tanzania (BOT) analysis conducted in late-2016 revealed that matured external debt repayment using domestic revenue had reached 11.5 per cent, against the desired 20 per cent. External debt repayment using exports was found to stand at 7.8 per cent - also against the desired level of 20 per cent.
Latest figures show that the debt had reached Sh53.3 trillion (about $24.514 billion) during the financial year that ended on June 30, 2017.
Put in perspective, the Sh53.3 trillion national debt is roughly the equivalent of half the country's gross domestic product (GDP), which hit the Sh103.7 trillion mark in 2016.
A Bank of Tanzania (BOT) analysis conducted in late-2016 revealed that matured external debt repayment using domestic revenue had reached 11.5 per cent, against the desired 20 per cent. External debt repayment using exports was found to stand at 7.8 per cent - also against the desired level of 20 per cent.
