Tanzania is expected to receive TZS 904 billion (USD 559 million) as a budget support for 2014/2015 from its donors in the General Budges Support Group (GBS).
Fund is to be spent on improved accountability and transparency of the government, poverty reduction, job opportunities, upgraded service delivery, anti-corruption measures, and improvement of public financial management.
The donor’s support is almost 2% higher (TZS 15 billion) than the initial GBS commitment for the year, and 38% higher than 2013 financial year support.
GBS donor aid money has been on the rise consistently since 2009, and flow directly into the national budget.
The outgoing Chairman of the GBS group – Ambassador Lennarth Hjelmaker – announced: “Our joint efforts to reform the budget support instrument have enabled us to build a basis for future support, and to continue contributing to the Government efforts to reduce poverty, create jobs, and improve services for citizens.”
GBS donor group was formally established in 2004 and currently consists of twelve development partners, three of which are international organizations: the African Development Bank (ADB), the World Bank (WB), the European Union, Canada, Denmark, Finland, Germany, Ireland, Japan, Norway, Sweden, and the United Kingdom.