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Tanzania: Govt Allays Fears Over National Debt [Daily News] Dodoma -- THE government has allayed fears over the rise in the national debt-to-GDP ratio to 40.7 per cent, explaining that the current level is largely due to borrowing used to finance mega projects aimed at boosting economic growth and improving the living standards of citizens.

Tanzania: Govt Allays Fears Over National Debt - East African Herald Tanzania: Govt Allays Fears Over National Debt Dodoma — THE government has allayed fears over the rise in the national debt-to-GDP ratio to 40.7 per cent, explaining that the current level is largely due to borrowing used to finance mega projects aimed at boosting economic growth and improving the living standards of citizens. The Chief Government Spokesperson, who is also the Permanent Secretary in the Ministry of Information, Culture, Arts and Sports Mr Gerson Msigwa, said this in Dodoma yesterday, acknowledging that the issue of national debt has been widely discussed and has raised concern among some members of the public. He said those discussing the matter often fail to explain how the loans have enabled the government to implement various development projects, including railway, water and road infrastructure. "The critics will not tell you; instead, they have been saying that the government has excessively borrowed. "They will not tell you that we have implemented the construction of the Julius Nyerere Hydropower Project (JNHPP) at a cost of 6.56tri/-. The project is funded by the Government of the United …

Govt allays fears over national debt | Tanzania Insight Tanzania’s government has moved to reassure citizens about the country’s rising debt-to-GDP ratio, which has climbed to 40.7 per cent, emphasizing that borrowed funds have been strategically invested in transformative infrastructure projects designed to accelerate economic growth and enhance quality of life across the nation. Speaking in Dodoma yesterday, Chief Government Spokesperson Gerson Msigwa addressed growing public concern over the national debt, arguing that critics have failed to acknowledge the tangible benefits that borrowed funds have delivered. Msigwa, who also serves as Permanent Secretary in the Ministry of Information, Culture, Arts and Sports, said the discussion around debt levels has been incomplete and misleading. “The critics will not tell you how these loans have enabled the government to implement various development projects, including railway, water and road infrastructure,” Msigwa stated. He emphasized that while debt figures are frequently cited, the corresponding achievements and economic returns are often ignored in public discourse. At the heart of the government’s defense is the Julius Nyere…

Govt allays fears over national debt - Daily News Tanzania DODOMA: THE government has allayed fears over the rise in the national debt-to-GDP ratio to 40.7 per cent, explaining that the current level is largely due to borrowing used to finance mega projects aimed at boosting economic growth and improving the living standards of citizens. The Chief Government Spokesperson, who is also the Permanent Secretary in the Ministry of Information, Culture, Arts and Sports Mr Gerson Msigwa, said this in Dodoma yesterday, acknowledging that the issue of national debt has been widely discussed and has raised concern among some members of the public. He said those discussing the matter often fail to explain how the loans have enabled the government to implement various development projects, including railway, water and road infrastructure. “The critics will not tell you; instead, they have been saying that the government has excessively borrowed. “They will not tell you that we have implemented the construction of the Julius Nyerere Hydropower Project (JNHPP) at a cost of 6.56tri/-. The project is funded by the Government of the United Republic of Tanzania,” Mr Msigwa, who is also the Director…

Govt Allays Fears Over National Debt | MarketScreener Govt Allays Fears Over National Debt Published on 06/29/2026 at 08:06 am EDT Acquiremedia Share NATIONAL GRID PLC +0.72% Source: Tanzania Daily News THE government has allayed fears over the rise in the national debt-to-GDP ratio to 40.7 per cent, explaining that the current level is largely due to borrowing used to finance mega projects aimed at boosting economic growth and improving the living standards of citizens. The Chief Government Spokesperson, who is also the Permanent Secretary in the Ministry of Information , Culture, Arts and Sports Mr Gerson Msigwa, said this in Dodoma yesterday, acknowledging that the issue of national debt has been widely discussed and has raised concern among some members of the public. He said those discussing the matter often fail to explain how the loans have enabled the government to implement various development projects, including railway, water and road infrastructure. "The critics will not tell you; instead, they have been saying that the government has excessively borrowed. "They will not tell you that we have implemented the construction of the Julius Nyerere Hydrop…

Tanzania allays fears over soaring domestic debt | The Citizen ByJosephine Christopher Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers Mwananchi Communications Limitted Dar es Salaam.The government’s domestic debt has risen by over 52 percent in the last four years. Official data shows that the debt, which stood at Sh13.96 trillion in January 2018, had increased to Sh21.25 trillion by January 2022 However, Treasury permanent secretary Emmanuel Tutuba said the government uses securities as a monetary policy instrument to improve money supply by taking it from a few, and ensure circulation is enhanced for the majority. Read:Tanzania's risk of debt distress has worsened, says World Bank Report “Because when we issue bonds, funds are used for implementation of development projects, say, construction of bridges or classrooms. This means that building material dealers will do business, jobs will be created, food vendors will serve labourers, and the chain goes on and on,” he said. Mr Tutuba said through domestic borrowing, the government also intends to meet its budgetary obligations, noting, however, that this is always done with c…

Tanzania: Govt Allays Fears Over National Debt - allAfrica.com Dodoma — THE government has allayed fears over the rise in the national debt-to-GDP ratio to 40.7 per cent, explaining that the current level is largely due to borrowing used to finance mega projects aimed at boosting economic growth and improving the living standards of citizens. The Chief Government Spokesperson, who is also the Permanent Secretary in the Ministry of Information, Culture, Arts and Sports Mr Gerson Msigwa, said this in Dodoma yesterday, acknowledging that the issue of national debt has been widely discussed and has raised concern among some members of the public. He said those discussing the matter often fail to explain how the loans have enabled the government to implement various development projects, including railway, water and road infrastructure. "The critics will not tell you; instead, they have been saying that the government has excessively borrowed. Keep up with the latest headlines onWhatsApp|LinkedIn "They will not tell you that we have implemented the construction of the Julius Nyerere Hydropower Project (JNHPP) at a cost of 6.56tri/-. The project is funded by the Government of the U…