Tanzania budget spending seen flat in 2015/16

Tanzania's government budget is expected to stay unchanged in 2015/16 from projections of the current fiscal year due to a sharp fall in financial aid flows to east Africa's second-biggest economy, according to a budget guidelines document. "To minimize crowding out the private sector, in the year 2015/16 net domestic financing is fixed at 1 percent of the GDP which is equivalent to 959.58 billion shillings, consistent with the PSI benchmark." Tanzania's final 2015/16 budget proposals are schedu