Tanzania, June 15 -- Dar es Salaam. The Sh62.3 trillion 2026/27 national budget contains several proposals that would seriously propel the growth of investments and businesses.

However, economists and private sector stakeholders have raised concerns over a few areas which they think, require more scrutiny.

Key on the issues that require further scrutiny is the introduction of withholding tax on agricultural products.

The budget, tabled in Parliament on June 12 by Finance Minister Khamis Mussa Omar, proposes a one percent non-final withholding tax on selected agricultural, livestock and fisheries transactions.

Under the plan, corporations purchasing food crops at the point of sale or transportation will deduct one percent from payments...