Zambia News

Govt Happy With Budget Performance In 2022

The 2022 budget’s successful performance, which included the continued funding of social sectors and the addition of nearly 41,000 new workers to the public service payroll, has satisfied the government.

The budget was also able to fulfill a number of responsibilities for the current fiscal year, according to Finance and National Planning Minister SITUMBEKO MUSOKOTWANE.

The Minister was referring to the budgetary spending from November 2022, when 10.8 billion Kwacha were made available to fund the provision of public services.

He claims that 2.9 billion Kwacha of the money released went toward paying off internal and external debts as well as other liabilities, while 3.3 billion Kwacha went toward paying for public employee salaries.

1.7 billion Kwacha were allocated to the Farmer Input Support Programme (FISP) for the 2022–2023 farming season, while 867.3 million Kwacha were used to implement various development projects.

The Local Government Equalization Fund activities of public universities and the Zambia Revenue Authority, among other sectors, received allocations to support operations and resource mobilization.

Since then, Dr. MUSOKOTWANE has urged the pertinent Ministries and organizations to make sure that money are allocated to and used for budgeted programs.

On January 5, 2023, the Minister of Finance will host a symposium on the 2022 Budget and Economic Affairs Performance Review.

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