Mr Doto James, Permanent Secretary of the Ministry of Finance and Planning, and H.E. Roeland van de Geer, Head of the European Union Delegation to Tanzania and the East African Community, today have signed the Financing Agreement for a new budget support programme worth EUR 205 million (equivalent to TZS 486.9 billion). This is part of € 626 million grant [equivalent to TZS 1.5 trillion] that EU has allocated to Tanzania under the 11th EDF for the period 2014 – 2020 to support government budget as well as energy and sustainable agriculture sectors.

The "Tanzania Economic and Fiscal Governance Programme" will contribute to the effective implementation of the Second Five Year Development Plan (FYDP-II) of the United Republic of Tanzania (2016/2017-2020/2021), by providing direct financial support to the budget and ensuring that the necessary fiscal policies (i.e. policies in Domestic Revenue Mobilization, Public Expenditure Management and Accountability of public funds) are adopted and followed-through. Read more