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Added: 1 week 16 hours ago
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CSBAG and experts defer with government strategy on economic growth
State minister for finance David Bahati maintains that the economy will grow from 25.7 bn US dollars today to a new double of 41.7 bn dollars in FY 2019/20.

The CSBAG has poked holes into government latest national budget strategy for the FY 2018/19 through which it plans a pace setting 7 percent economic growth rate over the mid term, to be strengthened by oil, agriculture and tourism. 

But civil society actors, reject this new strategy citing the renewed decline in economic activity with negative growth figures standing at -2.3 percent and -4.9 percent in the second and third quarter of the FY 2016/17 respectively.

However state minister for finance David Bahati maintains that the economy will grow from 25.7 bn US dollars today to a new double of 41.7 bn dollars in FY 2019/20.

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