Nevertheless, as the figures in table 1 and elsewhere show, positive gross domestic product. For some, like the us national security advisor, john r. Detailed discussion on 29 september 2017, zambias minister of finance, hon. Formal analysis to follow, but on a quick read this appears to be a pretty disappointing budget. There is a saying in the financial circles that the national budget is a set of thousands of wishes that have to be satisfied by meager resources from the very people who are sending those wishes. Unaids centre for economic governance and aids in africa for further information contact. Budget support contribution to levels of public spending 127.
It also includes our initial comments and analysis of the budget proposals, which were presented by the minister of finance, honourable margaret mwanakatwe mp to parliament on 28 september 2018. Zambia recorded a government budget deficit equal to 7. Peoples guide to the budget pdf budget tax proposals pdf tax pocket guide pdf division of revenue act no. The lack of an overarching national health policy, however, is a gap that also necessitated the development of this policy document. Zambians will keep their ears at parliament buildings looking out for what benefits may accrue to them in the budget. Sep 29, 2017 the 2018 national budget will take the focus today as finance minister felix mutati presents it before parliament. How can parliament and civil society impact on the budget. A very good budget very progressive and inspires national economic development for the first time tourism has been given sufficient attention 112 ba tambi october, 2012 at 8. In addition to the sudden death of the former president, his excellency. The government already increased fuel prices in october, and plans to raise electricity tariffs to reach. Finance minister felix mutati arrives at parliament building to present the 2017 national budget on september 29, 2017 picture by tenson mkhala finance minister felix mutati today unveiled a k71.
Highlights of the federal debt management strategy. The government, through the ministry of health and the ministry of finance, provided funding for the survey. European commissions country strategy paper for 200820 aligns well with the. This means that average inflation for 2010 will be bewteen 8 and 12. Oct 12, 2012 minister of finance alexander chikwanda today announced a k32. Around may and june, the minister of finance and national planning issues a budget call circular to spending ministries asking them for drafting stage. Impacting the expenditure side of the budget, the fall in the kwacha will significantly increase zambias debt service costs foreigncurrency denominated debt.
Roadsip included the sector strategy and targets for 20. The budget will be financed through domestic revenues zmw42. Head to lusaka national museum located in zambias capital, the lusaka national museum takes you on a journey through the history and culture of the nation. This should also inform policy interventions for 20 and beyond. This plan envisions a prosperous country where all zambians have access to quality health services. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. The budget is one of two statements given by the chancellor of the exchequer, with the spring statement being given the following year. Estimate of national revenue pdf peoples guide to the budget pdf budget 2004 at a glance pdf budget tax. These weaknesses are recognised by the mof and a new budget preparation calendar is to be introduced linked to the rbb initiative. Budget settlement law 2014 was adopted by the national assembly, senate and promulgated by the king on dec 4, 20 after the national assembly and senate approve the draft budget law the king will promulgate this into law in december. It is based on the information available at the time it was completed on may 5, 2015. Zambias gdp growth has increased marginally and is forecast to be 7% by the end of 2012.
The number of beneficiaries will increase from 242,000 to over 500,000 and monthly benefits cash will rise by. On 29 september 2017, zambias minister of finance presented the countrys 2018 budget. Budget requests from line ministries have exceeded by a substantial margin the available fiscal envelope. The availability of budget documents contains a series of four. Speaker, zambian agriculture recorded an historic achievement during the. Pdf on jan 24, 2018, antony chapoto and others published zambia agriculture status report 2017 find, read and cite all the research you need on researchgate. The government of zambia has proposed a total expenditure of zmw64. Neither ey zambia nor any other member of the global ey organization. Mutati, mp minister of finance delivered to the national assembly on friday, 11th november, 2016 1. Felix mutati presented the 2018 national budget to parliament. Budget formulation and implementation in zambia free essay.
Great work by the way from the zambia revenue authority who have also got it on their website in record time. Plan to return to budget balance and fiscal outlook. This enacted budget or budget financial law becomes the baseline information for all budget analyses conducted during the budget year. Mutati mp, minister of finance delivered to the national assembly on 11th november 2016. The 2018 budget seeks to implement a number of measures aimed at increasing the tax base. Zambia tax platform press briefing on zambias 2017 national. In zambia, the national budget runs from the 1st january to 31st december of the same year. The chinese, brazilian, indian, and united states government budgets are the figures reported by the international monetary fund the table includes information from governments budgets. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2010 to 31st december 2010. International zambias finance minister bwalya ngandu unveiled the 2020 national budget which he said will focus on stimulating the domestic economy. It is not intended to be a substitute for detailed research or the exercise of professional judgement. The speech indicates that the endyear target is 8 percent in 2010, and 12 percent in 2009.
Letter to the editor winners and losers of the 2018 budget. National budget in my capacity as the minister of finance and economic development. National budget brief 2018 zanzibar 1 zanzibar has maintained impressive economic growth. Analysis of the 2006 budget job creation for the last six years, zambias economy has consistently registered positive growth, averaging 4. Ministry of development planning and national guidance. Reform to perform zambias 2018 national budget september 2017 welcome this pwc budget bulletin summarises the governments key proposals for 2018. Sir, government remains grateful to all citizens, institutions and. Normally driven by the executive, in particular a central budget office. Open to the public since october 1996, the museum is a popular tourist attraction. In the meantime, inflation has decreased, dipping from 15. Zambia budget 2014 finance minister alexander chikwanda delivered the budget statement 2014 today. This starts from the point when the minister responsible for finance presents the budget statement to parliament.
The 2015 budget is better than the 2014 one because although both are developmental the 2015 has a more easier to manage fiscal deficit than the 2014. Bolton, this is an indication of china making strategic use of debt to hold states in africa captive to beijings wishes. Nov 23, 2016 2017 national budget 28% 5% 4% 31% 1%1% 9% 1% 16% 4% 2017 expenditure by function general public services defence public order safety economic affairs environmental affairs housing and community amenities health recreation, culture and religion education social protection 8% 15% 5% 3% 15% 12% 1% 8% 6% 27% resource envelope 2017 company income. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to. The focus is to increase employment levels, improve infrastructure in the transport and energy sectors, and upgrade facilities, supplies and service delivery in the medical and education sectors. National steering committee from august 20 to april 2014.
For instance, in 20 and 2016, only 2 percent and 10. It also includes our initial comments and analysis of the budget proposals, which were presented by minister of finance, honourable felix c. An evaluation of budget support in zambia 7 7 levels and composition of public spending 118 7. But as always, i thought it was more important getting it across to you speedily. Figure 1 zambia central government fiscal operations. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. Zimbabwe public expenditure notes strengthening institutions. Icf international provided technical assistance as well as funding to the project through the dhs program, a. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. Gdp in 2011 from 16% in 2010 and are projected to fall further to. This pwc budget bulletin summarises the governments key proposals for 2019. Seventh national development plan 20172021 i foreword zambia remains committed to the socioeconomic development planning of the country as reflected by the return to development planning in 2005.
Evaluation of budget support in zambia deutsches institut fur. From 1995to date, the government has developed national polices in specific aspects of health care provision. The seventh national development plan 7ndp for the period 2017 2021 is the successor to the revised sixth national development plan, 20 2016 r. Pdf on oct 18, 2012, stefan leiderer and others published evaluation of budget. A very good budgetvery progressive and inspires national economic development for the first time tourism has been given sufficient attention 112 ba tambi october, 2012 at 8. The 20 launch of chinas grand belt and road initiative a worldwide network of chinesefunded infrastructuredevelopment projects reinforced this role. Zambias economic challenges have been reflected in a dramatic depreciation in the zambian kwacha which has lost 45% of its value against the u. The mining sectors direct contribution to government revenues royalties, corporate income tax has been low. We hope that you will find it insightful, and look forward to your. This page provides zambia government budget actual values, historical data, forecast, chart.
The tone for the 2016 national budget has been set and the stakeholders, at least, know what to expect come october 2015. This follows the release of the medium term expenditure framework mtef by the ministry of finance last week. Agreement gpa, it is proper and logical that the 20 national budget first begins by taking stock of progress made under the inclusive government during the past four years. The finance minister, situmbeko musokotwane mp delivered the budget statement today. Zambias real gdp growth moderated sig nificantly to.
Workers are forever looking out for the tinkering in payee and other taxes as mutati would be making his. The theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind in line with the countrys seventh national development plan. Historical budget documents are available for reference purposes. National sustainable development plan 2016 2020 the national development plan for 2016 2020, te kakeega iii tkiii, was endorsed by the parliament in. These include increasing the revenue base to drive sustained inclusive growth and reduce the national debt burden. Nov 11, 2016 trimming the budget deficit will be a major component of zambias planned imf program. The ministry of finance says the 2018 national budget will be presented to parliament on september 29 this year. Trends in net export, imports and copper prices, 2000 20 zambias import and export pro. Identifying budget programmes that advance child rights 36 18. Oct 09, 2009 further, the budget is only marginally lower than inflation. In august 2017, the bank of zambias monetary policy committee expressed concern that increased reliance on domestic financing of the budget deficit continued to constrain private sector borrowing. Oct 12, 2012 3 responses to zambias 20 national budget presented i fully support the 20 national budget as it will boost the economy of zambia and help turn it in to a middle income country. The theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind in line with the countrys seventh national. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to finance such a leap in expenditure.
Felix mutati our finance minister presented the national budget for 2018 on friday, september 29 2017. Minister of finance alexander chikwanda today announced a k32. The aim of this budget brief is to improve awareness and understanding of allocations to social sectorshealth, education, water and sanitation and social protectionin the 2016 zambia national budget. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2017 to 31st december 2017, presented to. National development plan which was released in june 2017. The countries are ranked by their budget revenues in fiscal. Grant thornton zambia budget bulletin 2016 2 2016 budget commentary the 2016 national budget was presented by the honourable minister of finance to the national assembly on 9 october 2015. Zambias gdp growth is projected to remain strong at.
This national health strategic plan nhsp supports the national vision 2030 which expresses the zambian peoples aspiration to become a prosperous middleincome nation by 2030. The budget of her majestys government is an annual budget set by hm treasury for the following financial year, with the revenues to be gathered by hm revenue and customs and the expenditures of the public sector, in compliance with government policy. The list is mainly based on cia world factbook for the year 2016 and 2019. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 20 to 31st december. Civil society engagement in the national budget process 3 engagement as a process, not an event that closely involves people in the economic, social, cultural and political process that affect their lives. The second stage of the budget process is the enactment of the national budget. I fully support the 20 national budget as it will boost the economy of zambia and help turn it in to a middle income country. In an effort to actualize the second pillar of zambias economic recovery programme, government increased funding to social protection to about 2. During 200007, on average, the sector contributed less than 0. Specifically, this increase takes into account the rise in the number of beneficiaries on the social cash transfer programme. The 2016 national budget is an important undertaking for the current government administration in more ways than one. Dec 12, 2016 the centre for trade policy and development ctpd understands that the national budget is a vital economic policy instrument, because it reflects the choices the government has made to realize.