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Tanzania combined debts now reaches Sh60 trillion-BoT report

Central government external debt remained dominant, accounting for 77.3 per cent of the debt stock, having increased by $7.2m from the end of February 2018

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Tanzania combined debts now reaches Sh60 trillion-BoT report

Central government external debt remained dominant, accounting for 77.3 per cent of the debt stock, having increased by $7.2m from the end of February 2018

17 May 2018 Thursday 18:11
Tanzania combined debts now reaches Sh60 trillion-BoT report

EXTERNAL and domestic debts have now reached Sh60 trillion by March this year according to the Bank of Tanzania (BoT) monthly economic review for April this year.

The review said external debt stock, comprising both public and private sector debt, amounted to $20,156.6m (equivalent to Sh45trillion) at the end of March 2018, an increase of $46.7m and $2,489.5m from the end of the preceding month of March 2017, respectively.

The increases were on account of new disbursements, exchange rate fluctuations and accumulation of interest arrears.

Central government external debt remained dominant, accounting for 77.3 per cent of the debt stock, having increased by $7.2m from the end of February 2018 and by $1,810.0m from the end of March 2017

It further said central government domestic debt stock, including overdraft, amounted to $14,1 58.6bn ( or Sh14.1trillion) at the end of March 2018, an increase of $416.7bn and $2,084.1bn from the preceding month and corresponding period in 2017, respectively.

In terms of debt flows, external debt disbursed in March 2018 amounted to $132.9m being a 69.1 percent of which was received by the central government.

Cumulative disbursements for the year ending 2018 was $1,672.2m of which $1,331.6m was received by the central government and the balance by the private sector.

Meanwhile, total debt service during March 2018 was $184.6m out of which $143.1m was principal repayment and the balance was interest payment.

Debt service payments during the year ending March 2018 amounted to $1,053.4m of which principal repayments were $705.8m and the balance was interest payment.

Azania Post

Updated: 17.05.2018 18:17
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