Tanzania’s national debt increased by Sh7.76 trillion

DODOMA, Tanzania

Tanzania’s national debt has increased Sh7.76 trillion from Sh56.76 trillion last year to Sh64.52 trillion as of June 30, 2021, the Controller Auditor General (CAG) has said.

President Samia Hassan

The increase is equivalent to 13.7 percent.

The country's Controller and Auditor General, Charles Kichere, was speaking on March 30, 2022 during the handing over of his report for 2020/21 to President Samia Hassan at State House in Dodoma city.

He said during the period 2020/21 financial year, his office conducted a total of 56 special audits, 37 audits being for local government authorities, 12 for central government and six for public entities and one for ICT systems.

"In 2020/21 I issued a total of 999 audit certificates, of which 185 documents of local government authorities, 195 public bodies, 308 central government documents, 19 political parties documents, 292 development projects documents,” he said.

Noting that while the debt increased but going by the government's debt measures it was still sustainable.