Minister Kitila Mkumbo added that the budget deficit was seen at 3.0% of gross domestic product (GDP) next fiscal year, from 3.4% of GDP this year.
The East African country is set to hold an election in October. President Samia Suluhu Hassan is seeking to remain in power, having taken office in 2021 after the death of her predecessor, John Magufuli.
--Reuters--
