Minister of Finance Felix Mutati says Zambia’s Gross Domestic Product -GDP- growth projection for this year has been revised from 3.2 percent to 4 percent.
Mr. Mutati says the projection was revised by multilateral organisations.
The Minister of Finance disclosed this when he officiated at the 8th Association of Chartered Certified Accountants -ACCA- Members Reception and launch of ACCA Zambia Advocate of the Year Awards in Lusaka.
Mr. Mutati stated that government had focused on achieving growth, reducing inflation and stabilizing the exchange rate within the first five months of this year.
He said government has managed to bring down the cost of money using various tools.
Mr. Mutati has also revealed that the Zambia Revenue Authority has received over 100 applications from the private sector for the amnesty on penalties on taxes and fines owed to it.
He said the move is meant to promote private sector contribution to the economy and has since appealed to those who have not done so to take advantage of the situation before the deadline.
Mr. Mutati said government wants the engagement of accountants like ACCA members to provide professional advice and embrace dynamic thinking that will help contain the fiscal deficit.
And Head of ACCA Zambia Mukaba Mukaba expressed optimism that Zambia will not be left out as most economies rebound.
Meanwhile, ACCA Network Panel Chairperson Sean Mukelabai congratulated the new ACCA members and fellows for having gone through the demanding requirements.
He has since appealed to them to ensure they keep the reputation of the ACCA brand as ambassadors in their professional and private lives.