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Alba Iulia
Saturday, July 11, 2020

Full Budget Speech in Full

Economy Full Budget Speech in Full

Minister of Finance Felix Mutati
Minister of Finance Felix Mutati

Minister of Finance Felix Mutati has today presented the 2018 National Budget to Parliament with a total projection of 71.6 billion kwacha slightly above last year’s 2017 National Budget Presentation.

Speaking during the presentation to parliament, Mr. Mutati said Government has projected a 6.8 billion kwacha expenditure in the health sector of which 1.2 billion kwacha will be used to procure essential drugs and medical supplies representing 56 percent increase over the 2017 allocation.

Mr. Mutati also affirmed that the remaining 5.6 billion will be used to finance health infrastructure as well as buying the medical equipment and staff costs including the recruitment of 1,000 health Personnel to be added to the 7,400 recruited this year.

The Finance Minister also proposed to spend only 816.5 million Kwacha on housing and Community amenities of which amount 564.5 million will go towards water supply and sanitation in order to supplement the expenditure by commercial water utilities.

And Mr. Mutati also proposed to spend 2.1 billion kwacha towards the maintenance of Public order and Safety whose key interventions will include the recruitment of security personnel, continued Rehabilitation and Constitution of Infrastructure thereby modernizing the operations of the law enforcement agencies.

 

The 2018 Full Budget Speech Download

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9 COMMENTS

  1. The 2018 budget presented by the Minister of Finance can easily be understood as a protest against the PF cadres and their sponsors for demonstrating against him. This budget can be summed up as: More Taxes, No Jobs and Less Money in People’s Pockets which is total deviation from the PF’s Manifesto. This budget is the clearest indication that Mutati has check mated President Lungu as the people will mobilize against the PF and its leadership. Mutati is definitely not loyal to President Lungu and PF as the budget he just presented will certainly not grow the economy but will instead increase the cost of living, shrink the agriculture sector and basically make the cost of doing business high which will impact SMEs. Goodluck with implementation….

  2. The budgets has been presented since Independence, honestly speaking this the worst ever. The government has been getting goods on credit by powers from poor citizens and companies. Some are dead while waiting for their payment. Still it doesn’t look into the crying of the poor, there so many court cases involved in unpaid payments from government institutions. Why get goods if they cannot AFFORD.

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