ABA Alliance – TZ Budget Analysis 2023-2024
On 15 June 202 3 , Tanzania’s Minister for Finance and Economic Planning, Hon. Dr. Mwigulu Lameck Nchemba (The Minister) presented 2023/24 Tanzania National Budget Estimates(the budget). Note, the Finance Bill and Act for the fiscal year 2023/24 is yet to be released to the public. The budget for fiscal year 2023/24 is the third in the implementation of the Tanzania’s Third Five Year National Development Plan (2021/22 2025/26) with the theme of “Realising Competitiveness and Industrialization for Hum a n Development Well, the main theme for the 2023/24 budget as agreed by the East African Community Partner States is “Accelerating Economic Recovery, Climate Change Mitigation/Adaptation and Enhancing Productive Sec to r s for Improved Livelihood s The Budget’s priority areas are in the productive sectors including agriculture, livestock, fisheries, energy, natural resources, tourism investment industry an d trade This Alert prepared by ABA Alliance summarizes the key economic overview an d proposed t a x changes
