The European Union has signed an €17m financing agreement to improve public financial management in Zambia.
Earlier this month, the EU and the government of the Republic of Zambia signed the agreement, which will contribute to the improvement of the planning, budgeting and budget implementation capacities in Zambia.
Ambassador of the European Union to Zambia, Alessandro Mariani said during the signing ceremony: “With political support, the most important ingredient, this program can greatly contribute to the strengthening of public financial management which is in the supreme interest of the people of Zambia”.
He added that the programme will address some of the key challenges Zambia is facing in the field of PFM, which are crucial for sustained inclusive growth.
It will also improve fiscal transparency and accountability through effective oversight of the country’s budget in all phases, he said.
The programme on Effective and Transparency in the Management of Public Resources (EFFECT) will also improve the capacity of the main oversight institutions in the country – the National Assembly, the Office of the Auditor General and the Anti-Corruption Commission.
The EU said in a statement that the agreement in addition will support the Zambia Revenue Authority in modernizing the revenue collection processes to ensure that the tax system is simpler, the tax base expanded and the compliance increased.
Excellent news. Onwards and upwards.
Watch the retarda below type negative comments on this great gesture
Thanks
BB2014,2016
@Mushota hows Nick and how are you holding up with the vomiting of your pregnancy i can tell you are under hormonal influence?
ACC and AG dont need more money for frivolous workshops in this regard. Let them be independent of the executive and all will be well. This independence will not be achieved through donations. We need political will not every time to beg for peanuts.
A loan to improve revenue collection….
Well done Zambia! Animo tribal grouping coming to town soon with tribal sentiments disguised as “logic,” -coded words of UPND tribal party! Run away before it comes!
Getting debt to help you collect debt… iyeee. It is like spreading fertilizer on a field without getting rid of the weeds.