Tanzania budget spending seen flat in 2015/16
NAIROBI (Reuters) – Tanzania’s government budget is expected to stay unchanged in 2015/16 from projections of the current fiscal year due to a sharp fall in financial aid flows to east Africa’s second-biggest economy, according to a budget guidelines document.Donors have withheld more than three-quarters of $558 million of promised budget support to one of Africa’s biggest per capita aid recipients in the current fiscal year 2014/15 following allegations of high-level graft in the country’s…
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