Tanzania’s Confederation of Tanzania Industries (CTI) has expressed support for the proposed 2026/2027 national budget, citing its potential to foster a more favorable business climate. CTI Chairman Hussein Sufian stated the budget demonstrates a move towards improving conditions for industry. However, the organization cautioned that planned changes to excise taxes could negatively impact manufacturers by raising production expenses. The CTI specifically flagged these potential tax increases as a concern requiring attention. While generally positive, the industry group emphasized the need to carefully consider the tax implications for the manufacturing sector. The budget aims to strike a balance between economic growth and revenue generation, according to the CTI. Further details regarding specific tax adjustments were not immediately available.