Total national debt rose a further $399.8 million from December to $37.84 billion by the end of March 2022 with the external debt alone accounting for $28.35 million by March. External loans received during the past four months amounted to $478.5 million against $154.7 million spent on debt service payments. "Prices of crude oil and white petroleum products edged up, escalated by the ongoing war in the wake of already persistent supply bottlenecks, and gold prices rose owing to the waning risk appetite of investors prior to the war," BoT said in its report. But according to BoT, food stocks in the country remained satisfactory during the quarter despite the rise in food prices. Last week, Tanzania said a subsidy on fuel will be launched from June 1 to alleviate pump price pain.

Source: Daily Nation May 24, 2022 07:13 UTC