Zambia’s main opposition party, UPND has welcomed the changes to the Mineral Royalty Tax, in the 2019 national budget.
UPND Spokesperson, Charles Kakoma says the changes have come at a time when Zambians are feeling they were not benefiting from the mineral resources.
Mr Kakoma has described the changes as fair. He was speaking in an interview with ZNBC News after the budget presentation.
Meanwhile, The Bankers Association of Zambia-BAZ- says the 2019 national budget gives a lot of hope. BAZ Chairperson Kola Adeleke says the budget has addressed issues to do with revenue collection.
Mr Adeleke says Finance Minister Margaret Mwanakatwe has broadened revenue collection and that the budget has given a lot of confidence to both foreign and local investors.
And, French Ambassador to Zambia Sylvain Berger says the 2019 national budget austerity measures are necessary given the country’s macroeconomic conditions.
Mr Berger says the measures are likely to benefit both the corporate and social sectors. He said his government will keenly follow the implementation of the announced policies.
And COMESA Secretary General Chileshe Kapwepwe has described the budget as bold. Ms Kapwepwe pointed out the changes in the mining tax regime which are likely to boost revenue collection.
Meanwhile, Economic Association of Zambia president Lubinda Haabazoka says the budget contains a lot of positive steps like the sales tax.
Dr Haabazoka says the budget reflects the country’s current macroeconomic conditions.