Zanzibar's incoming Finance and Planning Minister Juma Malik Akil vowed to maintain economic stability while protecting revenue streams from disruption after formally receiving the portfolio from Saada Mkuya Salum at Vuga ministry headquarters. Akil characterized fiscal oversight as essential to supporting governmental development objectives and ensuring citizens benefit from sound financial management.
The minister emphasized continued contributions to the debt repayment reserve, which holds approximately 350 million dollars earmarked for settling project loans. President Hussein Ali Mwinyi has expressed determination to avoid burdening future administrations with excessive financial obligations, according to Akil.
The minister emphasized continued contributions to the debt repayment reserve, which holds approximately 350 million dollars earmarked for settling project loans. President Hussein Ali Mwinyi has expressed determination to avoid burdening future administrations with excessive financial obligations, according to Akil.
