Jump to navigation

Vol 50 No 13

Published 26th June 2009


Tanzania

Kikwete's bailout package

Tanzania, the second largest of the big-three members of the East African Community, has presented a budget with a bullish message designed to spend its way out of the global economic crisis. At 31%, the overall budget increase is the largest in the EAC but much is to be spent on recurrent programmes rather than new development initiatives. Finance and Economic Affairs Minister Mustafa Mkulo said on 11 June that the recession would reduce this year's gross domestic product growth from over 7% to about 5%, with 5.7% GDP growth forecast for 2010.

End of preview - This article contains approximately 447 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.