Tanzania, June 12 -- Dar es Salaam. Tanzania plans to spend Sh86.3 trillion in the 2026/27 financial year, targeting faster economic growth, higher revenue collection and increased job creation as the government rolls out a new phase of its long-term development agenda.

Presenting the State of the Economy Report 2025 and the National Development Plan 2026/27 in Parliament on Thursday, the Minister of State in the President's Office (Planning and Investment), Prof Kitila Mkumbo, said the economy is projected to grow by 6.3 percent in 2026, up from 5.9 percent in 2025.

The government also aims to maintain inflation within the target range of three to five percent, raise domestic revenue to 17.1 percent of gross domestic product (GDP) from...