Finance and National Planning Minister Dr. Situmbeko Musokotwane has called for consistent monitoring of budget execution by all stakeholders in their sectors of interest, and urged all members of the public, individual and corporate, to actively participate in the formulation of the 2024 National Budget and the 2024 to 2026 Medium Term Expenditure Framework (MTEF).
Dr. Musokotwane also observes that Zambia’s budget implementation credibility has now been restored as all budgeted programmes are now being funded, considerably.
He reveals that in March 2023, the Government released a total of K15.5 billion to finance public service delivery with K5 billion of this amount released for transfers, subsidies and social benefits, whilst K5.1 billion was spent on debt service (domestic and external) and dismantling of arrears and K3.6 billion was spent on the public service wage bill.
In addition, the Government released K1.3 billion for implementation of various government programmes and general operations, while K534.9 million was spent on road infrastructure.
