Cabinet has approved the Medium Term Expenditure Framework for the 2016, 2017 and 2018 national budgets.
Chief Government Spokesperson Chishimba Kambwili says the 2016, 2017 and 2018 national budgets will be crafted based on the Medium Term Expenditure Framework will focus on infrastructure development in the social sector and job creation.
Mr. Kambwili, who also Minister of Information and Broadcasting Services, says the 2016 to 2018 Medium Term Expenditure is aimed at consolidating the macro-economic stability and creating fiscal space for vital public services.
The Minister told Journalists shortly after the 17th Cabinet meeting at held State House in Lusaka today.
And Mr. Kambwili said the 2016 budget will among many measures aim at completing the many infrastructure projects currently underway.
Mr Kambwili however said government will take decision to fund only critical infrastructures that will have immediate impact on the lives of the Zambian people.
He said Capital projects will be implemented through the Public Private Partnership in order to quicken the implementation without putting pressure on the Treasury.
And Mr. Kambwili said Cabinet has also approved the financing of the completion and upgrading of 98 maize storage, the project to be undertaken by the Food Reserve Agency (FRA).
Mr. Kambwili the building of 98 storage sheds is aimed at reducing wasting of grain in the country due to unfavorable storage conditions.
Meanwhile, Mr Kambwili said there is no shortage of drugs in any of the health centers across the country as reported in some sections of the media.
He said the country has enough stock of drugs and urged all Zambians not to panic as government is monitoring the situation.
Below is the full statement
At its 17th Cabinet Meeting held today, the 24th August, 2015 at State House, Cabinet discussed two (2) substantive Agenda Items and the following is the summary of the decisions made:
1. The Green Paper on the 2015 – 2017 Medium Term Expenditure Framework (MTEF) and the 2016 National Budget
Government, through the 2016 Budget, will aim at completing the many infrastructure projects that are currently underway countrywide and only start those that have an immediate impact on the lives of the people especially in health, education and generally, the social sectors.
Government will during the 2016-2018 medium term, consolidate its fiscal position in order to safeguard macroeconomic stability and create fiscal space for vital public services and infrastructure development such as roads, bridges, building of universities, schools, hospitals, clinics, and rural health centres among others.
Cabinet has decided that the macroeconomic and fiscal objectives for the medium term will aim at maintaining a positive and broad-based growth trajectory, macroeconomic stability and fiscal consolidation. Emphasis will be on the attainment of inclusive growth through the Sustainable Development Goals.
With the approval of the Green Paper by Cabinet, stakeholders are encouraged to study the document and provide comments that will assist Government refine its development objectives in the medium term.
Cabinet has also decided that major capital projects be undertaken through the Public-Private Partnerships (PPPs) models to ensure that quicker project implementation without exerting cashflow pressures on the Treasury.
2. Design, Rehabilitation and Building of Grain Storage facilities through a Supply and Installation Agreement with Advanced African Solutions Limited
Under this Item, Cabinet approved to finance the completion and upgrading of 98 hard standing slabs into covered sheds to be undertaken by the Food Reserve Agency.
The country has been producing a lot of grain which in some cases, has been damaged due to unfavourable storage conditions. It is important, therefore, that the 98 standing slabs are upgraded to covered sheds to protect the grain and ensure food security for the people as we plan for the 2015 – 2016 farming season.
Hon. Chishimba Kambwili
MINISTER OF INFORMATION & BROADCASTING SERVICES
(CHIEF GOVERNMENT SPOKESPERSON)