Sir, i am a bearer of a message from his excellency, dr. Government has undertaken shortterm measures to address the problem, including importing emergency power from abroad, but admits that this is not a sustainable solution. Zambias risk of debt distress from high to moderate in the medium term. Chinamasa, mp minister of finance and economic development distributed by eritas 1. General elections were held in zambia on 11 august 2016 to elect the president and national assembly. Citizens are, therefore, encouraged to read this booklet, which has.
Country chapters from the minerals yearbook volume iii. The 2003 study uses a child rights framework to analyse zambias budget allocations and expenditures on programmes. Compared to many other southern african countries, zambia has relatively abundant land and water. In an effort to actualize the second pillar of zambias economic recovery programme, government increased funding to social protection to about 2. These priorities were discussed extensively during the budget dipitso held with relevant stakeholders late last year. Republic of zambia 2018 budget address by the minister of. These plans include key changes in the way government will raise and spend money. Budget formulation and implementation in zambia free essay. 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, 2016 to. Agriculture, fishery and forestry, which account for 20 per cent of zambian gdp, shrunk by 2.
Budget support was especially effective in sectors and situations where there. Sir, to further improve the quality of health care and reduce referrals. Students at the university of zambia unza have rioted, to. Tax rates 2016 corporation tax rates 2016 2015 mining 30% 30% variable profits tax where income exceeds 8% of gross sales up to 15% up to 15% income from tolling and metal processing 35% 35% manufacturing and trading 35% 35% farming business 10% 10% banking profits 35% 35% profits from production of chemical fertilizers 15% 15%. Mwanakatwe said in her budget speech the patriotic fronts eighth budget since it came to power in 2011 that going forward government will amongst other things, focus. The minister of finance on 11th november, 2016 presented the national budget to the national assembly. These include increasing the revenue base to drive sustained inclusive growth and reduce the national debt burden. Zambia budget 2016 beat the odds 5 budget deficit to widen to 6. Some of this information is unaudited or subject to revision. A constitutional referendum was held alongside the elections, with proposals to amend the bill of rights and article 79 president edgar lungu, previously elected in january 2015 to finish the term of michael sata, who died in office, was reelected to a full fiveyear term when.
The national health strategic plan 20172021 has a transformative agenda which focuses on. Alexander chikwanda mp, minister of finance and national planning delivered. This, mr speaker sir, will build on the gains realised so far in. 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. Budget for 2016 details on 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. The wage freeze is addresses as well as the mining tax regime changes. The seventh national development plan 7ndp for the period 2017 2021 is the successor to the revised sixth national development plan, 202016 r. Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. The so called national budget under pf has no direct benefit to an ordinary zambian coz it has no positive. A budget of hard choices with a commitment to scale up a social safety net programme. The 2017 national budget statement pushing production frontiers across all sectors of the economy presented to the parliament of zimbabwe on 8 december, 2016 by hon. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. Mutati mp, minister of finance delivered to the national assembly on 11th november 2016.
Fiscal consolidation the minister noted that in light of challenging economic conditions fiscal consolidation to safeguard our past achievements and secure a prosperous future for all would be the theme of the 2016 budget. These valuable contributions made it possible to formulate the 2016 budget in a manner that. On 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. The mineral industry of zambia, 2016 pdf detailed description.
The general fund fiscal year budget must be adopted before expenditures may be made from that fiscal year. This act may be cited as the constitution of zambia amendment act, 2015, and shall be read as one with the constitution of zambia, in thisact referred to as the constitution. Zambias environmental sustainability constitutes a serious concern, with projections indicating that the related millennium development goal mdg is unlikely to be achieved by 2015. In addition to the sudden death of the former president, his excellency michael sata, last october, shortly. 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 2014 to. The world bank s country partnership framework cpf for zambia for the period 20192023 is closely aligned with the government of zambias national development plan and vision 2030. The availability of budget documents contains a series of four tables that allow the researcher to examine and map the public availability and dissemination of. Sir, government remains grateful to all citizens, institutions and. Delivered to the national assembly on friday, 29th september, 2017. Nancy siame, lusaka the ministry of finance mof has started preparations for the 2016 national budget and the 20162018 medium term expenditure framework. Edgar chagwa lungu, president of the republic of zambia, recommending favourable consideration of the motion that i now lay on the table. Kpmg zambia 2017 budget highlights kpmg international.
Appendix b budget profile and resource projections. National development plan which was released in june 2017. The zambian national budget formulation and implementation process passes through four stages namely drafting,enactment or authorization,implementation and auditing. Madam speaker, the preparation of the budget proposals for the 20162017 financial year was guided by priorities, as presented in the 20162017 budget strategy paper. Objectives of budget preparation during budget preparation, tradeoffs and prioritization among programs must be made to ensure that the budget fits government policies and priorities. Zambia country operational plan cop 2016 strategic direction summary april 14, 2016. Without a boardapproved budget, the school has no new spending authority for that fiscal year. Speaker, as this is my first budget address to this august house, it. Between 2015 and 2016, zambias national budget has grown in absolute terms by zmw 6. It is based on the information available at the time it was completed on may 5, 2015.
The cpf is supporting zambia in achieving its development goals, by focusing on three pillars. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th october 2016. Earlier this month, when presenting the 2016 national budget, finance minister. Sir, government remains grateful to all citizens, institutions and organisations who patriotically responded to the call to submit proposals for the 2016 budget. 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. Curtailing spending as part of these austerity measures, hon. Weathering the storm zambia s 2016 national budget pwc analysis and outlook commentary turbulent times it has been a testing 12 months for government in what may in retrospect be described as an annus horribilis for zambia. 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. On 9 october 2015, zambias minister of finance presented the budget for 2016 the budget to the parliament. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. Zambia recorded a government budget deficit equal to 7. Next, the most costeffective variants must be selected. The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on. Contents 2 2016 budget commentary 6 2016 sectoral impact 14.
Details of the budget, which unless noted will apply from 1 january 2016, are summarized below. 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. Zambias constitution of 1991 with amendments through 2016. Weathering the storm zambias 2016 national budget pwc analysis and outlook commentary mining sector and on the economy as a whole. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. Throughout, undp zambia has been an ally of the government of the republic of zambia in its effort to address a range of development. 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 national budget contains the plans that government is proposing to carry out in 2017. Zambia country operational plan cop 2016 strategic. World bank country partnership strategy for zambia. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. I have endovoured to labour on the problems the minister of finance encounters in the formulation and implementation of the budgeting process.
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