Tanzania: Budget Day, Supply Chain Priorities, Absent Bagamoyo
- June 12, 2019
- - 7:02 pm
Summary The Tanzanian parliament will vote June 13 to approve the government’s 2019/20 budget that calls for spending of 33 trillion Tanzanian shillings (approximately $14.6 billion). A significant amount of money, more than $2.2 billion, is set aside for national priority infrastructure development projects. Absent from the budget are funds for the proposed $10 billion Bagamoyo deepwater port, meaning the largely Chinese-backed project will not proceed unless the Chinese are willing to unilaterally fund its development. Analysis The Magufuli administration has prioritized government spending for fiscal year 2019/20 on several high-impact infrastructure development projects of national significance. The ministry of …
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