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GDP Growth and Public Finance in Tanzania: FY2019/20

Tanzania’s real GDP growth is projected to have declined slightly from the annual average of 6.3% from 2015/16 to 2017/18, to 6.2% in 2018/19. In spite of this slight decline in real GDP growth, Tanzania remains amongst the fastest growing SADC countries. Although real GDP growth has been on a downward trend, 2018/19 is projected to be the beginning of the economic recovery. Real GDP growth has declined from 7.0% in 2015/16 to 5.9% in 2017/18. In response to declining real GDP growth, the Government of Tanzania (GoT) has increased public spending.