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Tanzania stays the course on rail, power; terms debt ‘sustainable’ Monday June 14 2021 Tanzania Minister of Finance Mwigulu Nchemba ahead of presenting budget estimates for 2021/22. PHOTO | EDWIN MJWAHUZI Advertisement Tanzania passed a Tsh36.36 trillion ($15.61 billion) budget for 2021/22 with just 37 percent of the total budget (Tsh13.33 trillion or $5.75 billion) going towards development expenditure. An estimated 8.1 percent of the new budget (Tsh2.96 trillion or $1.27 billion) will be covered by grants and concessional loans from development partners through either direct project financing or Basket Fund financing, and another Tsh7.34 trillion ($3.16 billion) will be borrowed from domestic and external sources on commercial terms. Citing a recent debt sustainability analysis that concluded that Tanzania’s debt was still sustainable, Finance Minister Mwigulu Nchemba said that the 2021/22 budget would again lean heavily towards external funding while also prioritising

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