The European Parliament has intensified its pressure on Tanzania by passing a resolution that calls for the EU Commission to retract a €156 million funding plan due to the violence that occurred during the October 2025 elections. This action reflects the EU's response to the crisis following the elections, which resulted in fatalities.

Tanzania's Parliament approved the TZS 62.33 trillion (approximately USD 24 billion) budget for the 2026/27 fiscal year on 23 June 2026, with 385 out of 393 votes in favor. The budget, which will take effect on 1 July 2026, includes a commitment to settle TZS 1.2 trillion in arrears and implement tighter expenditure controls following a week of debate and the passage of the Finance Bill 2026.

Tanzania's Planning and Investment Budget for 2026/27, amounting to TZS 144.85 billion, aims to support a new National Investment Policy and establish five strategic Special Economic Zones (SEZs) to attract over TZS 797 billion. The budget also targets making Tanzania a leading vehicle producer in Africa by 2030 and includes the creation of Youth Industrial SEZs across six regions. Ongoing flagship projects include Hengya Cement, Airtel's 5G rollout, and Songea Sukari's sugar complex.

Tanzania's 2026/27 budget is set at TZS 62.33 trillion (USD 24 billion), reflecting a 10.3% increase from the previous year. The budget aims for a 6.3% GDP growth, with 74.2% of funding sourced from domestic revenue as grants decrease by 39.1%. Key measures for investors include reducing the deemed profit-distribution tax from 30% to 15%, a one-year income tax holiday for new businesses, and VAT exemptions on specific sectors.

Tanzania has approved the allocation of 10% of mining sector revenue to finance advanced mineral exploration activities. This funding aims to support high-resolution surveys, identify new mineral-rich areas, attract investment, and enhance the sector's contribution to economic growth.

The Government of Tanzania is considering recommendations to enhance the small-scale mining sector by improving access to finance, technology, and geological information. Proposed measures include the establishment of a mining fund, the expansion of credit guarantees, and support for mineral research, all aimed at increasing employment, reducing poverty, and promoting economic growth.