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Tanzania's Tax-to-GDP Ratio Target Increase from 13.1% to 17%-20%

Latest Tanzania economy news · Tanzania's Tax-to-GDP Ratio Target Increase from 13.1%… explained · updated Aug 13, 2026 · economy news · GDP · investment

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TLDR

  • Tanzania aims to increase its tax-to-GDP ratio from 13.1% to between 17% and 20%.
  • The country is working towards becoming a $1 trillion upper-middle-income economy by mid-century.
  • Under the Vision 2050 plan, Tanzania seeks to grow its economy tenfold from current levels.
  • The target is to raise GDP per capita from $1,318 to $7,000.
  • This initiative is part of a broader strategy to enhance economic growth and development.

Latest news excerpts & sources: Tanzania's Tax-to-GDP Ratio Target Increase from 13.1%…

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Tanzania's tax-to-GDP ratio must be increased from 13.1% to between 17% and 20% to finance development sustainably and reduce dependence on external borrowing.

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