Tanzania’s Parliament has approved an additional Sh945.7 billion budget for the 2024/25 financial year. This funding arises from Sh460 billion received from the AfDB and Sh130 billion from the IMF, targeting key sectors like education and health. Enhanced oversight is mandated for effective usage of the funds.
Tanzania’s Parliament has approved a supplementary budget of Sh945.7 billion for the 2024/25 fiscal year. This budget is aimed at funding activities not originally planned in the main budget and increasing allocations for specific sectors. The government received Sh460 billion from the African Development Bank (AfDB) and Sh130 billion from the International Monetary Fund (IMF), which prompted the supplementary budget.
The approval of the supplementary budget by Tanzania’s Parliament is a critical development in addressing funding gaps within essential sectors such as health and education. The allocations are designed to enhance public services and infrastructure while ensuring accountability. Oversight measures have been emphasized to prevent mismanagement and ensure effective utilization of the funds for the benefit of Tanzanians.
Original Source: www.thecitizen.co.tz
