Tanzania’s Finance Ministry has proposed a Tsh49.34 trillion ($19.35 billion) budget for the 2024/2025 financial year, an 11 percent increase from the Tsh44.4 trillion ($17.41 billion) in 2023/2024.
A big chunk of expenditure is expected to go the elections and preparations for the 2027 Africa Cup of Nations (Afcon) finals, which Tanzania is hosting jointly with Kenya and Uganda.
According to budget guidelines announced by Finance Minister Mwigulu Nchemba this week, recurrent spending will go up to Tsh33.55 trillion ($13.15 billion), from Tsh29.17 trillion ($11.44 billion) in the current fiscal year, as the government prepares for local government elections in October and the 2025 general election.
Part of the proposed Tsh15.78 trillion ($6.19 billion) development spending budget, which has gone up from Tsh15.21 trillion ($5.96 billion) in 2023/2024, will be allocated to renovating existing stadia and building new ones ahead of Afcon 2027, Mr Nchemba said.
Other priority areas of government expenditure in 2024/2025 will include key infrastructure projects and social services, including subsidised public education. Final figures for each allocation will be detailed in the proper budget presentation in June.
