Tanzanian minister says national debt still manageable
Contributed by NAMPA / Xinhua.
DAR ES SALAAM, Nov. 14 (Xinhua) -- The Tanzanian government said Tuesday the national debt, equivalent to 31.2 percent of the country's gross domestic product (GDP), was still manageable.
Philip Mpango, the East African nation's finance minister, told the National Assembly in Dodoma that Tanzania's ability to borrow stood at 56 percent of its GDP.
He made the remarks after some Members of the Parliament complained that the national debt has been growing at a fast pace.
Mpango the national ...