Tanzania’s economic performance continues to rank among the highest in the region, with the real GDP growth rate consistently outpacing that of its peers in the East African Community (EAC). The country’s macroeconomic environment remained stable in 2016, scoring strongly on a number of indicators such as low inflation, improved current account position, stable currency and availability of adequate foreign exchange reserves to cover 4 months of imports.
This is the second budget under the government of Dr. John Pombe Magufuli which is anchored on the National Development Vision 2025. The government priorities include accelerating economic growth to attain middle income status, curbing revenue leakage and resource wastage, improving infrastructure and reforming government bureaucracy to enhance service delivery.
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