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Improvements in Public Financial Management Recognized by Fitch

Latest Tanzania finance news · Improvements in Public Financial Management Recognized… explained · 2026 updates · updated Aug 22, 2026 · economy news · GDP · investment

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TLDR

  • Fitch Ratings has upgraded Tanzania's credit rating to B (Positive) from B+, indicating improvements in economic fundamentals and overall policy stability.
  • The upgrade is attributed to an increase in foreign exchange reserves, manageable budget deficits, and continued economic growth.
  • Fitch projects that foreign exchange reserves will rise from $6.3 billion at the end of 2025 to $7.9 billion by 2028, covering approximately 3.3 months of external payments.
  • The budget deficit for the fiscal year ending June 2026 is estimated at 2.8% of GDP, expected to remain around 3% of GDP until the fiscal year 2028 due to improved revenue collection.
  • Tax revenue is projected to increase from 14.6% to 15.6% of GDP between the fiscal years 2023 and 2025.

Latest news excerpts & sources: Improvements in Public Financial Management Recognized…

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Fitch imepongeza hatua zinazochukuliwa kuboresha usimamizi wa fedha za umma, likibainisha kuwa hadi Machi 2026, kiasi cha madeni yaliyothibitishwa ya Serikali kwa wazabuni na marejesho ya kodi kilikuwa kimepungua hadi asilimia 0.2 ya Pato la Taifa kutoka asilimia 1.2 Desemba 2022.

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