Tanzania is set to get 901 billion shillings (720.8 million U.S. dollars) from an international development partner group to beef up the country's 2009/2010 fiscal budget.
The financial assistance comes under a General Budget Support package.
"This will be a significant proportion of the (Tanzanian) government's budget and will support vital work toward Tanzania's development," said a statement issued by the development partner group now chaired by the African Development Bank.
The statement added that the size of the commitment reflects the progress the Tanzanian government is making and the challenges that still need to be addressed.
Tanzanian Finance Minister Mustafa Mkulo is scheduled to pronounce the country's 2009/2010 fiscal budget later this week.
The new budget has reportedly been increased by at least 32 percent to a total of 9.51 trillion shillings (7.6 billion dollars) . Tanzania's 2008/2009 budget was 7.22 trillion shillings and its 2007/2008 budget was 5.84 trillion shillings.
The country expects that 3.18 trillion shillings or 33.47 percent of the budgeted total will be sourced externally through loans, grants and aid from development partners. Foreign aid accounted for 34 percent of the country's last fiscal budget.
The central government expects to fill up the budget basket by getting 5.1 trillion from domestic revenues, 0.576 trillion from domestic loans and 0.506 trillion from domestic market.
The country's 2009/2010 budget is scheduled to be moved to the Tanzanian National Assembly for debate on Thursday during the parliament's special budgetary session in Dodoma.
The General Budget Support development partners include the African Development Bank, Britain, Canada, Denmark, the European Union, Finland, Germany, Ireland, Japan, the Netherlands, Norway, Sweden, Switzerland and the World Bank.