The Parliament of the United Republic of Tanzania has passed the Ministry of Finance’s budget for the 2025/26 financial year with resounding approval, endorsing a total of TZS 20.19 trillion for both recurrent and development expenditures across its eight budgetary votes.
The endorsement marks a major milestone in the government’s effort to strengthen fiscal discipline, resource mobilization, and public financial management.
Presenting the estimates in Dodoma, Minister for Finance Dr. Mwigulu Nchemba (MP) said the budget aligns with the Ministry’s five strategic priorities for the upcoming fiscal year.
“This budget is a tool for transformation,” he declared. “It reflects our unwavering commitment to sound economic governance, timely debt servicing, and the modernization of our financial management systems.”he added
Out of the total approved amount, TZS 19.43 trillion will cover recurrent expenditures, while TZS 757.79 billion is allocated for development projects.
Dr. Nchemba also sought and secured parliamentary approval of TZS 122.52 billion for Vote 045, which is dedicated to the National Audit Office.
Of this, TZS 110.42 billion is for recurrent use and TZS 12.10 billion for development. “These allocations will strengthen our institutional oversight and promote greater accountability in the use of public resources,” the Minister emphasized.
To fund the national budget, the Ministry of Finance aims to mobilize TZS 50.17 trillion from various domestic and international sources.
“We expect the Tanzania Revenue Authority to collect TZS 34.10 trillion,” said Dr. Nchemba.
“In addition, we plan to raise TZS 1.07 trillion through grants, TZS 14.95 trillion from concessional and commercial loans, and TZS 53.54 billion from non-tax revenue.” he added
He further noted that the National Audit Office is projected to collect TZS 843 million through rental income and hall leasing services in government-owned properties nationwide.
The Minister also highlighted timely servicing of public debt estimated at TZS 14.22 trillion as one of the Ministry’s top priorities.
“Debt obligations must be honored on time to protect the government’s credibility and financial standing,” he said. He also announced that the Ministry is finalizing a new policy framework for the management of public assets. “We are developing a comprehensive asset management policy to ensure that all government properties are managed efficiently, transparently, and sustainably,” he added.
Looking ahead, the Ministry plans to continue enhancing the integration and security of its electronic financial management systems.
According to Dr. Nchemba, “We are building a unified electronic invoicing platform that will streamline government payments, close revenue loopholes, and boost efficiency in public service delivery.”
The eight budgetary votes under the Ministry include Vote 01 (Public Debt), Vote 06 (Office of the Controller and Auditor General), Vote 10 (Joint Finance Commission), Vote 13 (Anti-Money Laundering Unit), Vote 21 (Treasury), Vote 22 (Consolidated Fund Services), Vote 23 (Office of the Accountant General), and Vote 50 (Ministry of Finance). Vote 045, though distinct, is also overseen by the Ministry and covers the National Audit Office’s operations.
“As we implement this budget,” Dr. Nchemba concluded, “our goal is to enhance transparency, improve service delivery, and build stronger, more resilient institutions that support Tanzania’s economic transformation.”
