Tanzania Treasury Unveils Economic Plan

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The Treasury Registrar, Nehemiah Mchechu, unveiled an eight-target, five-year strategic plan to transform Tanzania’s public enterprises by 2030. The plan aims to double their GDP contribution from 5 to 10%, raise non-tax revenue from 3.6 to 5%, reduce reliance on government subsidies from 49 to 30%, and improve profitability and efficiency. It also establishes a $10 billion Public Investment Fund and seeks at least $500 million in export earnings, supporting fiscal resilience and economic growth.