Tanzania has started the new year with a national debt of Tsh54.84 trillion ($23.77 billion) as of November 30, 2019. This is due to a shortfall in revenue collection coupled with low external financing exacerbating pressure on an economy that is expected to expand by 7.1 per cent by June.
However, the Minister for Finance and Planning Phillip Mpango is optimistic that the debt is sustainable.
