By ALICE NACHILEMBE
Zambia’s Finance Minister, Dr. Situmbeko Musokotwane, has announced that the government is building a strong foundation for a prosperous and sustainable future.
This vision is anchored in inclusive growth, improved livelihoods, and leaving no one behind. The country has made significant strides in resolving its external debt burden, restoring its credibility globally.
According to Dr. Musokotwane, the government’s efforts are focused on creating a resilient economy that benefits all citizens.
He said this is reflected in the Ministry of Finance and National Planning’s September allocation of 15.9 billion Kwacha to fund developmental programs and public service delivery.
Of this amount, 5.1 billion Kwacha was released for transfers, subsidies, and social benefits, while 1.9 billion Kwacha was spent on implementing various developmental programs and general operations. Additionally, 524.5 million Kwacha was allocated for capital expenditure.
Mr Musokotwane said the government also prioritized its public service wage bill, releasing 4.3 billion Kwacha, and spent 4.1 billion Kwacha on debt service and arrears. Furthermore, 246.3 million Kwacha was allocated to the Constituency Development Fund for community projects.
Public universities received 145.4 million Kwacha for operations, student loans, and scholarships. The Rural Electrification Authority and ongoing road infrastructure projects also received significant funding, with 279.7 million Kwacha and 200 million Kwacha, respectively.
These investments demonstrate the government’s commitment to driving economic growth, improving living standards, and ensuring that all citizens benefit from the country’s progress.
