The Citizen Reporter
Dar es Salaam. The current account deficit widened by 22.3 per cent to $2.7 billion in the year ending August 2010.That happened because official current transfers declined, the Bank of Tanzania’s economic review for September noted.
However, the value of exports increased by 23.8 per cent to $5.4 billion in August 2010 compared with the amount recorded in the corresponding period last year.
Dar es Salaam. The current account deficit widened by 22.3 per cent to $2.7 billion in the year ending August 2010.That happened because official current transfers declined, the Bank of Tanzania’s economic review for September noted.
However, the value of exports increased by 23.8 per cent to $5.4 billion in August 2010 compared with the amount recorded in the corresponding period last year.
The improvement was largely due to an increase in exports of gold, travel and manufactured goods.
“The value of export of goods rose to $3.4 billion in the year ending August 2010, compared with $2.53 billion recorded in the corresponding period last year, largely due to a significant increase in gold exports,” the report noted.
But the value of traditional exports declined by 2.6 per cent to $473.9 million compared with the value posted in the corresponding period last year.
“The value of export of goods rose to $3.4 billion in the year ending August 2010, compared with $2.53 billion recorded in the corresponding period last year, largely due to a significant increase in gold exports,” the report noted.
But the value of traditional exports declined by 2.6 per cent to $473.9 million compared with the value posted in the corresponding period last year.
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