Diaspora prioritised in Foreign Ministry’s spending 247.97bn/- plan

MINISTER of Foreign Affairs and East African Community Dr Stergomena Tax has tabled a 247.97bn/- spending plan for 2023/24 Financial Year as her docket plans to execute 16 top priorities including finalizing the system which will recognize diasporas under a special status.

Dr Tax revealed this in the Parliament, Dodoma on Tuesday adding the move gears is boost their involvement in Tanzania’s economy.

Between January and December, 2022, the Minister said, Diaspora injected a total of 2.5bn/- through subscription of Unit Trust of Tanzania (UTT)’s shares.

She added the group remitted a total of 1.1bn US Dollars through banks, mobile and other financial institutions.

“The amount is almost a twice of what remitted from January to December, 2021 which amounted to 569.3m US Dollars,” said the Minister while highlighting the roles of diaspora in Tanzania’s economy.

Out of the requested amount, 230.08bn/- is for recurrent expenditure while the remaining 17.9bn/- will be injected in the development projects.

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