Tanzania growth to pick up in 2016, budget spending to rise – minister

A general picture shows the skyline of Tanzania's port cty of Dar es Salaam, July 12, 2013. REUTERS/Andrew Emmanuel Tanzania’s economic growth is expected to rise to 7.2 percent in 2016 from 7.0 percent last year, while budget spending for the fiscal year starting in July is likely to rise 2.2 percent, according to a document released by the finance minister.
Finance and Planning Minister Philip Mpango presented the document outlining budget plans for 2016/17 to parliament on Monday. It is the first indication of spending plans under the new administration of President John Magufuli, who was elected in October.