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Friday, April 3, 2020

Government revenue collection exceeds target by 10%

Economy Government revenue collection exceeds target by 10%

Ministry of Finance Public Relations Officer Chileshe Kandeta (L)
Ministry of Finance Public Relations Officer Chileshe Kandeta (L)

Government has disclosed that in August 2015, revenue collection amounted to 2.73 billion Kwacha against a target of 2.48 billion Kwacha.

Ministry of Finance Spokesperson Chileshe Kandeta says this reflects an over performance of 10 percent.

Mr. Kandeta says this is attributed to increased collections on domestic VAT and Non-Tax Revenues.

Mr. Kandeta says by categorization, tax revenue collections amounted to 2.02 billion Kwacha while non-tax revenues totaled 7 10 million Kwacha in August 2015.

He adds that among the major expenditure items was 890 Million Kwacha which was given to the National Road Fund Agency for onward disbursement to the Road Development Agency for road infrastructure programmes.

Mr. Kandeta says the treasury also released 160 million Kwacha to the Food Reserve Agency for crop purchase and 50 million Kwacha for the Farmer Input Support Programme.

He says the release of funds for the Farmer Input Support Programme is consistent with the government’s long-term objective to diversify the economy, improve the livelihoods of small-scale farmers, and ensure country-wide food security.

The Ministry of Finance Spokesperson says other expenditure includes 11 Million Kwacha for water and sanitation programs, 12.5 Million Kwacha for the Social Cash Transfer Program and 12 Million Kwacha for the mobile national registration exercise.

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5 COMMENTS

  1. There is money is Zambia. President Lungu needs to work with the Auditor general to ensure the money is appropriated to the best ministries. Agriculture and mines.

  2. NZELU, YOU ARE RIGHT TO MENTION AGRICULTURE BUT NOT MINES. YOU SHOULD HAVE MENTIONED TOURISM MINISTRY WHICH IS ALWAYS GIVEN BREAD CRUMBS. WELL PLANNED, FUNDED AND MANAGED, THE MINISTRY OF TOURISM CAN OVERTAKE THE MINES AS MAJOR GOVERNMENT REVENUE EARNER. THE MINISTRY OF MINES CAN ONLY DO WELL WHEN MORE THAN 50% OF THE MINERALS MINED ARE USED INTERNALLY FOR MANUFACTURING ITEMS SUCH AS POWER TOOLS AND MACHINERY FOR EXPORT, HOUSEHOLD GOODS SUCH AS FRIDGES, VACUUM CLEANERS, PRESSING IRONS, DISHWASHERS, STOVES, WASHING MACHINES, PHONES ETC FOR HOME CONSUMPTION AND EXPORT. IT’S A PITY THAT EVEN UP TO THIS TIME ZAMTEL CAN’T DESIGN AND MAKE A SIMPLE DOMESTIC AND MOBILE PHONE- THE COMPANY FULL OF TELEPHONES ENGINEERS, AND ZESCO CAN’T DESIGN FRIDGES AND STOVES. BT- BRITISH TELECOMS DESIGNS AND…

    • BT- BRITISH TELECOMS (THE EQUIVALENT OF ZAMTEL OR ZAMBIA TELECOMMUNICATIONS DESIGNS AND MAKES PHONES. ZAMTEL CAN START WITH THE DESIGN AND IMPLEMENTATION OF A SIMPLE CELL PHONE CALLED LAMIA AND GRADUALLY IMPROVE IT TO COMPETE WITH ANY OTHER SOPHISTICATED PHONE IN THE WORLD. BUT IF YOU CAN’T START YOU CAN’T IMPROVE ON ANYTHING. SAMSUNG DID NOT START WITH AN ALREADY SOPHISTICATED ELECTRONICS SYSTEM. BUT TODAY THEY ARE COMPETING WITH APPLE MAC.

  3. Why suggest word LIAMIA, we have ultanative name for PHONE in Zambia given that we have more than 72 languages from 72 tribes. Never entangle us in tribal issues again. Other tribes are suffering from PREJUDICE because they can not learn other tribes’languages. Zambia is better communicting in English under such circumstances. It was the same when a new ZNBC TV station was being introduced, we cound not agree on one name , because each tribe tried to force its way in. People these days are very particular about what word to name something in any given part of the country, check on Airports.

  4. Dollarise the kwacha collected compared to last year. You are therefore collecting less money please stablise the dollar.
    Sad Zambian

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