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Dr. Musokotwane Unveils K253.1 Billion 2026 National Budget to Boost Growth, Jobs, and Social Protection By Francis Maingaila ♥️  LUSAKA, Zambia24 (27 September 2024) – Finance and National Planning Minister Dr. Situmbeko Musokotwane on Friday presented the 2026 National Budget, unveiling a K253.1 billion plan designed to consolidate economic gains, create jobs, and strengthen social protection.  Dr. Musokotwane told Parliament that the budget, which represents 27 percent of the country’s GDP, carries the theme “Consolidating Economic and Social Gains Towards a Prosperous, Resilient and Equitable Zambia.” Dr. Musokotwane emphasized that the budget will be largely funded through domestic resources. He said, “Of the total K253.1 billion, K206.5 billion, or 82 percent, will come from local revenue. Grants contribute K12.1 billion, while K34.5 billion will be raised through domestic and external borrowing.”  He noted that this approach reflects the government’s commitment to ...

Revenue targets set at historic highs while spending on luxuries is ruled out By Francis Maingaila ♥️ Lusaka, Zambia24 – (25-08-2025) – Government has directed ministries, provinces, and agencies (MPAs) to exercise strict discipline in the 2026 National Budget. Reduced allocations, rising debt service, and the cost of the 2026 general elections leave no room for waste or unfinished projects. Secretary to the Cabinet for Finance and Economic Development, Patrick K. Kangwa, speaking through Deputy Secretary Siazongo Siakalenge, warned that workshops, excessive travel, and inflated operations will no longer be tolerated. “Deliver more with less. Stop lobbying Treasury for additional funding and show what you can achieve with what you already have,” Kangwa said. The 2026 budget, set for presentation on September 26, closes out the UPND administration’s first term. Kangwa highlighted achievements including the IMF Extended Credit Facility, 92 percent debt restructuring progress, resilience ...