Tanzania revenue forecast too optimistic, could delay projects, says IMF

Tanzanian President John Magufuli. FILE PHOTO | NMG

Tanzania may have to delay the construction of some of its major infrastructure projects because its revenue expectations for 2017/18 are "potentially over-optimistic", the International Monetary Fund said on Monday.

The country plans to increase spending in its budget for the fiscal year ending June 2018 by 7.3 per cent to Tsh31.71 trillion ($14.21 billion, Sh1.47 trillion), with a key focus on infrastructure.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.