National Debts Overview: October 2023, A 7% Expansion

This research provides a snapshot of the Tanzania's debt dynamics, allowing policymakers, economists, and analysts to assess the financial health of the nation and make informed decisions about economic policies and future fiscal strategies. It's essential to monitor these trends over time to understand the long-term implications and make adjustments as needed.

The National Debts Development conveys important information about the country's financial situation, particularly in terms of external and domestic debts:

Overall Debt Trends:

• The total national debt increased from TZS 90,957,363.00 in September 2023 to TZS96,688,407.00 in October 2023.
• The 1-month change in total debts is 1%, indicating a moderate increase in the country's overall indebtedness during this period.

External Debt:

• External debt increased from TZS64,357,163.00 in September 2023 to TZS67,238,907.00 in October 2023.
• The 1-month change in external debt is 0%, suggesting a relatively stable external debt level during this period.
• Over the past year, external debt has increased by 5%, indicating a growth in the country's external financial obligations.

Domestic Debt:

• Domestic debt rose from TZS26,600,200.00 in September 2023 to TZS29,449,500.00 in October 2023.
• The 1-month change in domestic debt is 2%, reflecting a moderate increase in domestic financial obligations.
• Over the past year, domestic debt has experienced a more significant growth of 12%.

Comparison Over the Past Year:

• The 1-year change figures provide a perspective on the percentage increase in debts from October 2022 to October 2023.
• The total national debt increased by 7% over the past year, with external debt contributing a 5% increase and domestic debt contributing a higher 12% increase.

Implications:

• The increase in both external and domestic debts may indicate that the country is taking on more financial obligations, which could be for various reasons such as infrastructure development, economic stimulus, or budgetary needs.
• The 1-year change figures highlight the trend of growing indebtedness over a more extended period, which might raise concerns about the country's fiscal sustainability.

Tanzania's external and domestic debts, both in terms of absolute values and their percentage changes over the specified time periods. The percentage change figures indicate the growth or reduction in debt levels compared to the previous month and the same month in the previous year. The "TOTAL DEBTS" section sums up both external and domestic debts to provide a comprehensive overview of the country's overall indebtedness:

Debt Components:

External Debt:

• Sep-23: TZS64,357,163.00
• Oct-23: TZS67,238,907.00
  • 1-Month Change: 0% (Percentage change in external debt from September to October 2023)
  • 1-Year Change: 5% (Percentage change in external debt from October 2022 to October 2023)

Domestic Debt:

• Sep-23: TZS26,600,200.00
• Oct-23: TZS29,449,500.00
  • 1-Month Change: 2% (Percentage change in domestic debt from September to October 2023)
  • 1-Year Change: 12% (Percentage change in domestic debt from October 2022 to October 2023)

Total Debts:

• Sep-23: TZS90,957,363.00 (Sum of External and Domestic Debts in September 2023)
• Oct-23: TZS96,688,407.00 (Sum of External and Domestic Debts in October 2023)
  • 1-Month Change: 1% (Percentage change in total debts from September to October 2023)
  • 1-Year Change: 7% (Percentage change in total debts from October 2022 to October 2023)