Minister of Finance SITUMBEKO MUSOKOTWANE has disclosed that the 2022 National budget has already been prepared and should be ready for presentation in Parliament by October this year.
Dr. MUSOKOTWANE says the United Party for National Development –UPND– Administration is however making adjustments to ensure that a substantial amount of money in next year’s national budget goes towards social sectors.
He says this includes commencement of employment of some of the fifty thousand backlog of teachers it needs to employ over a period of five years.
Speaking during ZNBC’s Sunday Interview programme, Dr. MUSOKOTWANE did not rule out possible introduction of austerity measures on expenditure that he says is necessary to achieve the economic goals of the new government.
Dr. MUSOKOTWANE has also expressed optimism that government has negotiation abilities to have a stretched payment of the Seven hundred and Fifty million US dollars Eurobond that is due for payment next year.
He says the government is equally confident that the financial bailout Zambia has been seeking from the International Monetary Fund -IMF- will be sealed before the end of this year.
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