MWE Correspondent
The Ministry of Industry and Trade has presented its financial estimates for the 2025/2026 fiscal year, seeking parliamentary approval for a total budget of TZS 135.8 billion, aimed at strengthening the country’s industrial and commercial sectors.
Presenting the budget before the National Assembly during the 24th session of the 19th Parliament, Minister Dr. Selemani Jafo said the proposed allocation consists of TZS 93.9 billion for recurrent expenditure and TZS 41.9 billion for development expenditure.
Dr. Jafo detailed that of the recurrent expenditure, TZS 75.8 billion is allocated for salaries, while TZS 18.1 billion will go toward other essential administrative and operational costs.
The development budget includes TZS 27.9 billion from domestic financing and TZS 14 billion sourced through foreign aid and grants from international development partners.
“This budget reflects our national commitment to industrialization, job creation, and sustainable economic growth,” Dr. Jafo told lawmakers. “Our strategy is to stimulate local production, attract investors, and enable value addition in key sectors.”
The Ministry emphasized that the funds would support Tanzania’s long-term objective of becoming a middle-income country, a goal underscored in its national development vision.
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In addition to investing in infrastructure and enhancing policy frameworks, the budget supports small and medium-sized enterprises (SMEs), capacity building, and integration into regional and global trade markets.
The proposal comes at a time when Tanzania is seeking to improve its business climate and maximize opportunities under the African Continental Free Trade Area (AfCFTA), which aims to create a single market for goods and services across Africa.
Parliamentary debate on the proposal is set to continue in the weeks ahead, with stakeholders closely analyzing how the budget will support industrial productivity and trade competitiveness.
The Ministry also intends to increase investment in industrial parks, foster technology transfer, and support manufacturing as a key pillar of the national economy.
