Fiscal Balance in Tanzania
Tanzania - Fiscal BalanceGrowth accelerated to 7.2% year-on-year in the second quarter (Q1: +6.6% year-on-year), the quickest rate since Q1 2018, as both manufacturing and construction activity rose at a faster clip compared to Q1. However, available data paints a mixed picture for the third quarter. Business activity was likely upbeat in the quarter on soaring credit supply to the agricultural, building and construction, and mining and quarrying sectors. That said, the current account deficit widened substantially in the year ending September. In other news, in late November, the country secured a USD 1.0 billion loan from the Trade and Development Bank and is seeking an additional USD 500 million for the implementation of various infrastructure projects, including a new railway network which could bolster trade with its neighbors.
Tanzania - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.8||-2.9||-3.5||-1.5||-1.9|
5 years of economic forecasts for more than 30 economic indicators.
Tanzania Fiscal Balance Chart
Source: Bank of Tanzania
|Bond Yield||14.73||0.0 %||Dec 31|
|Exchange Rate||2,300||0.0 %||Jan 01|
|Stock Market||1.2||0.0 %||Jan 06|
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