Tanzanian parliament on Tuesday approved the government’s budget amounting to 36.33 trillion Tanzanian shillings (about 15.6 billion U.S. dollars) for the 2021/2022 financial year.
MPs approved the budget by a voice vote in the House in the capital of Dodoma, with 362 out of the 385 MPs endorsing it and 23 abstaining from voting.
Unveiling the budget on June 10, the Minister for Finance and Planning Mwigulu Nchemba said to realize goals of the inclusive and competitive economy, the government will focus on financing projects that will build a vibrant society.
Nchemba said flagship projects that will be implemented in the 2021/2022 financial year include construction of a liquefied natural gas plant in Lindi region and procurement of deep-sea fishing vessels.
In the 2020/2021 financial year, the government’s budget stood at about 15 billion U.S. dollars. Enditem