Tanzania cancels independence day events as tensions rise after disputed election
Tanzania has unveiled a 62.3 trillion shilling, equivalent to $23.8 billion, national budget for the 2026/27 fiscal year, increasing government spending by 10 percent as it moves to finance more of its development ambitions with money generated at home amid a decline in foreign assistance.
Presenting the budget in Dodoma, Khamis Omar, the finance minister, said the government would maintain its focus on expanding major infrastructure projects, improving public services and strengthening domestic revenue collection to support long term economic growth.
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According to Africa Economic Inc, nearly three quarters of the proposed budget will be funded through domestic revenue, highlighting Tanzania’s growing effort to rely less on foreign donors and build a stronger foundation for self driven development.
The shift comes at a time when many African economies are facing a reduction in international development funding
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