On 5th June 2025, the Parliament of Tanzania approved the Ministry of Finance’s TZS 20.19 trillion budget for the 2025/26 fiscal year, designated for both recurrent and development expenditures across its eight budget votes.
Out of the total amount, TZS 19.43 trillion (96.2%) has been allocated for recurrent expenditure, while TZS 757.79 billion (3.8%) has been set aside for development expenditure.
The approval followed a request presented by the Minister for Finance, Dr. Mwigulu Nchemba, in Parliament in Dodoma, outlining the ministry’s financial plans and five priorities for the upcoming fiscal year.
The key priorities of the Ministry of Finance for the 2025/26 fiscal year include mobilizing and collecting a total of TZS 50.17 trillion to implement the Government Budget, and servicing government debt amounting to TZS 14.22 trillion that is due for repayment.
Other priorities include establishing a unified invoicing system for government payments to enhance revenue collection efficiency, improving, integrating, and strengthening the security of electronic systems used for managing public finances and assets, and formulating a Public Assets Management Policy.
Dr. Nchemba further explained that, “The Ministry of Finance aims to mobilize and collect financial resources amounting to TZS 50.17 trillion for the implementation of the Government Budget for the 2025/26 fiscal year. Out of the total, the Tanzania Revenue Authority (TRA) is projected to collect TZS 34.10 trillion, TZS 1.07 trillion is expected from grants, concessional and commercial loans from domestic and external sources will amount to TZS 14.95 trillion, and non-tax revenue is projected at TZS 53.54 billion.”
He noted that the National Audit Office is also expected to generate TZS 843 million from hall rentals and office building leases across various regions of the country.
“The Ministry of Finance will continue improving, integrating, and securing electronic systems for managing public finances and assets. It will also develop a centralized system for issuing Government payment invoices to enhance revenue collection efficiency,” added Dr. Nchemba.
Tanzania’s Ministry of Finance Budget 2024/25
For the fiscal year 2024/25, Tanzania’s Ministry of Finance received a budget of TZS 17.99 trillion, later revised to TZS 16.55 trillion.
As of April 2025, TZS 13.71 trillion had been disbursed, representing 86.5% of the revised budget, with actual expenditures reaching TZS 13.46 trillion, equivalent to 98.2% of funds disbursed.
In terms of revenue performance, the Ministry had targeted TZS 45.10 trillion for 2024/25—equivalent to 89.7% of the national revenue goal of TZS 50.29 trillion.
By April 2025, TZS 37.91 trillion had been collected (84.1%), of which TZS 24.45 trillion was collected by TRA, TZS 5.32 trillion from concessional loans and grants, and TZS 8.14 trillion from commercial loans.
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