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Controller and Auditor General (CAG) Charles Kichere
By Mary Kadoke ,
THE Controller and Auditor General (CAG) report has informed that the government debt has reached 110.05trn/- as of June 30, 2025, rising by 12.7trn/-, or 13 percent, within a single year.
Pesenting the audit report for the financial year 2024-2025 to President Samia Suluhu Hassan at the State House in Dar es Salaam, CAG Charles Kichere explained that the increase is largely driven by a rise in external borrowing.
The report shows that domestic debt stood at 35.5trn/-, while external debt amounted for 74.55trn/-, representing the bulk of the debt burden.
Kichere also highlighted that the depreciation of the Tanzanian shilling against the U.S. dollar has further increased the cost of servicing external debt.
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