PARLIAMENT APPROVES TZS 174.9 BILLION FOR THE MINISTRY OF MINERALS




● Targets TZS 1.4 Trillion in Revenue Collection

● Collections Reach TZS 1.156 Trillion

● A Total of 23.8 Tonnes of Gold Collected in 18 Months

● Part of the Efforts by President Samia Suluhu Hassan

Dodoma

The Parliament of the United Republic of Tanzania has approved a budget of TZS 174.9 billion for the Ministry of Minerals for the 2026/2027 financial year, aimed at enabling the ministry to achieve a revenue target of TZS 1.4 trillion.

Presenting the ministry’s revenue and expenditure estimates in Parliament on April 27, 2026, Minister for Minerals, Anthony Mavunde said the funds will facilitate the implementation of the ministry’s responsibilities and those of its affiliated institutions, while sustaining the growth momentum of the mining sector through expanded geoscientific research across the country.

Breaking down the budget, Mavunde noted that TZS 71.5 billion (40.9 percent) has been allocated for development projects, while TZS 103.5 billion (59.1 percent) will cover recurrent expenditures. Of the total amount, TZS 27.4 billion is earmarked for employees’ salaries, and TZS 76.1 billion for other operational expenses of the ministry and its institutions.

Regarding sector performance, Mavunde explained that the mining sector’s contribution to the national Gross Domestic Product (GDP) has continued to improve, rising from 9.1 percent in 2023 to 10.1 percent in 2024, and reaching an average of 11.9 percent in 2025.

He further stated that revenue collection has significantly increased, from TZS 753.2 billion in the 2023/2024 financial year to TZS 1.07 trillion in 2024/2025. Within the first nine months of the 2025/2026 financial year (July to March), TZS 1.03 trillion had already been collected, equivalent to 114.9 percent of the set target.

To strengthen the minerals market, Mavunde highlighted that the number of mineral markets has increased from 43 to 44, while buying centers have risen from 114 to 118, a move aimed at enhancing transparency and price competitiveness for miners.

He outlined the ministry’s priorities for the 2026/2027 financial year as strengthening the sector’s contribution to the economy, advancing the value chain of critical and strategic minerals, and promoting investment in value addition.

Other priorities include improving the management of mineral auctions and gemstone exhibitions, increasing investment in advanced mineral exploration, formalizing and empowering small-scale miners, and strengthening institutions under the ministry to enhance efficiency and productivity.

Meanwhile, Deputy Minister for Minerals, Steven Kiruswa said the ministry will continue to enhance inspections in both small- and large-scale mines to boost productivity.

On licensing reforms, Kiruswa noted that the ministry is in the process of introducing digital licensing systems, which will simplify procedures and minimize conflicts of interest in license issuance.

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