Tanzania’s national debt hit $36.08 billion by the end of November last year, a $5.34 billion year-on-year increase from November 2020.
According to the Bank of Tanzania (BoT), external debt closed at $27.95 billion, a $215.8 million drop from October, attributed to debt servicing payments outweighing disbursements during the month. However, the debt was still higher by $4.12 billion compared with November 2020.
Debt service payments in November amounted to $171.4 million, of which $114.2 million was in the form of principal repayments and the rest representing interest.
The government continued to dominate the external debt by borrower category, accounting for 73.4%, with debt to multilateral institutions accounting for the largest share (44.1%) followed by commercial creditors (34%).
Domestic debt stock increased by $439.37 million from October and $1.2 billion from November 2020.
Current account deficit widened to $1.78 billion during the year ending November 2021 from $1.14 billion in the corresponding period for 2020, driven by higher imports of goods.