Transport dominates service payments bill
DAR ES SALAAM, Oct. 27 -- TRANSPORT payments accounted for the largest share of service payments, rising to 1,829.8 million US dollars in the year ending August from 1,454.0 million US dollars in the corresponding period last year, reflecting increased expenditure on transport-related services.
According to the latest Bank of Tanzania Monthly Economic Review, total service payments increased to 3,498.2 million US dollars from 3,196.2 million US dollars, highlighting the growing cost of services acquired from abroad.
The report shows that transport payments rose by 25.8 per cent, making the category the largest contributor to the countrys service import bill. Such payments include costs associated with transporting goods and other transp...
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