Fiscal Balance in Tanzania

Tanzania Fiscal Balance | Economic News & Forecasts

Tanzania - Fiscal Balance

The economy likely remained downbeat in Q3, despite the lifting of all domestic restrictions in July. The external sector continued to suffer as exports decreased again in annual terms in September, mostly on a drop in service receipts. Meanwhile, imports also fell, suggesting that domestic demand remained frail. On the other hand, credit growth picked up pace in the same month, boosted by the Central Bank’s accommodative policy, which should have supported domestic demand somewhat. In politics, incumbent president Magufuli won a second term in the elections held on 28 October, which should lead to policy stability and a continued focus on boosting the economy after the pandemic-induced downturn. Nevertheless, opposition parties called for protests amid claims of voting irregularities, fueling tensions within the country, which could weigh on investor sentiment going forward.

Tanzania - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-3.2  -2.1  -1.2  -1.9  -     

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Tanzania Fiscal Balance Chart

Tanzania Fiscal Balance
Note: General government balance as % of GDP
Source: Bank of Tanzania

Tanzania Facts

Value Change Date
Bond Yield14.730.0 %Dec 31
Exchange Rate2,3000.0 %Jan 01
Stock Market1.20.0 %Jan 06

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