2017/2018 Budget overview

Tanzania's string economic performance was the launch pad for the Budget speech given by the Minister of Finance on 8 June 2017. He cited both the World Bank's April 2017 Economic Update ("Tanzania's economic performance continues to rank among the highest in the region") and the IMF's World Economic Outlook Database (listing Tanzania amongst the top five African countries for economic growth).

However, recent World Bank and IMF publications have also highlighted the need for more effective public-private dialogue to help improve business confidence. It was therefore encouraging to see explicit acknowledgement in the speech of concerns in relation to the liquidity squeeze, business failures and diminishing private sector confidence.

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