Projected Increase of Foreign Reserves in Tanzania from $6.3 Billion in 2025 to $7.9 Billion in 2028
Latest Tanzania finance news · Projected Increase of Foreign Reserves in Tanzania from… explained · 2028 updates · updated Aug 22, 2026 · economy news · GDP · investment
TLDR
- Fitch Ratings has assigned Tanzania a B (Positive) rating, indicating improvements in economic fundamentals and policy stability.
- Foreign reserves in Tanzania are projected to increase from $6.3 billion at the end of 2025 to $7.9 billion by 2028.
- This increase in foreign reserves is expected to cover external payments for approximately 3.3 months.
- Fitch estimates that the budget deficit for the fiscal year ending June 2026 will be 2.8% of GDP, remaining around 3% until 2028.
- Tax revenue as a percentage of GDP is expected to rise from 14.6% to 15.6% between the fiscal years 2023 and 2025.