The Ministry of Finance has said that a total of K5.77 billion [FIVE POINT SEVEN-SEVEN BILLION KWACHA] was released by the Treasury in April 2018 to finance development programmes and Government operations.
According to a statement released to the media by the Ministry yesterday, of the amount released, K2.14 billion went towards capital and other key developmental programmes, K1.60 billion was released for debt service, K816.6 million for support to grant-aided-institutions, and K2.19 billion for personal emoluments.
The Public Service Pensions Fund received K91.76 million for retiree pension benefits, K24 million was released to settle salary arrears for TAZARA employees while the Social Cash Transfer Programme got K45.8 million.
The Farmer Input Support Programme (FISP) was allocated K245.4 million to settle payments to various creditors for supplies of fertilizer for the 2017/18 farming season while the Food Reserve Agency was given K20 million.
The Ministry of Health received K140 million for the procurement of drugs and medical supplies. From the total of K816.6 million released for grants to different sectors in various institutions in across the country, the Treasury also disbursed K60.8 million to meet operational costs for health facilities.
In the month under review, K62 million was released as Constituency Development Fund [CDF] to support development projects in various constituencies across the country while K89.9 million was disbursed towards the Local Government Equalisation Fund to facilitate the operations of local authorities. The Lusaka Water Supply and Sanitation Project under the Millennium Challenge Account Zambia received K103.80 million.
Of the total funding for the month of April 2018, the road sector received K353.68 million; being funds from the Road Tolls – Fuel Levy – and Road User Charges. The disbursement went towards on-going road projects across the country.
Co-operating Partners also came to the party with some support towards the implementation of different programmes across Ministries Provinces and other Spending Agencies. In this regard, K113.63 million was received and disbursed to various donor funded projects during the same month.
A total of K210.83 million was released to Ministries Provinces and Spending Agencies (MPSA’s) for general operations and implementation of 2018 planned programmes and activities.
A total of K210.83 million was released to Ministries Provinces and Spending Agencies (MPSA’s) for general operations and implementation of 2018 planned programmes and activities.
K91.76 million for retiree pension benefits.
Mweo, Look at the gap difference. Ba PF, Please clear all the retirees so that they can also get to enjoy for a bit . You are giving a lot of money to just waste and Provincial ministries. Awe Kwena!
Let us just say out of K 5.8 billion released K 1 billion will end up being looted and therefore, more and more illegal mansions will be built, more illegal suv’s will be bought and someone’s child will illegally end up at a prestigious foreign university without any one crying foul!
The figure means nothing if the amount underfunded is not disclosed.
When did the release of funds for government operations become news?
Now, that is a good question.
Loud and smart that is how they want to appear like they are working, you will see cadres praising such an action. It is our prayer that this money is used for it’s intended purpose and not pilfered like always.
After reading finding nothing to say you just ask when release of funds for government operations becomes news. shutting up is also acceptable, loud and buluya. Unless of course you didn’t read the article. Someone is trying to explain how funds are sourced and utilized. 133 so far read the article.
@one Zambian,
What do you have against ‘reading between the lines’ like @2.load and smart- has rightly done, and with good cause???
The guy in the picture, doesn’t it remind you that it is the same Chileshe Kandeta who was off-side last week when he deliberately tried to pretend and mislead us to believe IMF’s fears about Zambia’s mounting debt were unfounded?
Are you serious or are you just playing blind cadre?
Just to be seen working and yet thats their job. Its like a father who does not buy food for his children and when he buys a ka pamela he starts drumming all over that he feeds his children.
It just show how incompetent the boma is. Or maybe we are lucky that atleast a bit of money from Finance that we dont really deserve. Its PF money and they can use it to drum up support in Chilanga.
Zikomo ndipo atleast ka change ka oneka. The rest of the cash ni kaya kaya. I dont have evidence that someone is stealing!!!!! I just have eyes that see great mansions being built for individuals in seconds!!!!
What a dsaster!!!!!!!
These are mediocre bunch nevermind them…
First the numbers don’t add up; Capital & developmental £2.14 billion, Debt servicing £1.6B, Grant aided £0.82B and personal emoluments £2.19B is equal to 6.75 billion, not £5.77 billion as reported and secondly it is sad to note that personal emoluments take up 32% of this money, and together with debt servicing the percentage increases to 56%. God help mother Zambia, we need a miracle to get out of this. President Lungu please set aside a day of national prayer please.
Unfortunately the govt debt profile is so bad at the moment such that there’s no institution that’s willing to finance govt orders. Banks and micro finance institutions aren’t willing to finance govt orders because the likelihood of default is at 100%, supply any goods or services to govt and quasi govt institutions you won’t be paid on time. It’s worse for contractors because there are costs they can’t avoid that need to be taken into account because of delayed funding. Madam minister please stop further borrowing and borrowing by default
Thats the spirit PF keep it up, make Zambians proud of their country
But we are not seeing the trickle down effect of this so is this really true or is it another lie just like the true debt figure the country is owing?
Great move! Looking at mediocre labour day awards from so called spending agents, I got worried that my able Government is broke and has not given grant to institutions. Yet it was in the pipeline even when up now funds have not reached the intended target. Keep it up bane. But is it wrong to announce the disbursement? Me I thought it is good so that we know where funds are going. I have seen Local government organising meetings as usual to make use of the funds. However, local governmenr should learn to share those funds with other devolved departments and not just ask for reports from where they never ploughed.
Now that we have seen what toll gates can do to our treasury, w
Now that we have seen what toll gates can do to our treasury and servicibg the most talked about debts, why can’t we reduce vehicle custom duty to allow more vehicles in? The number of imported cars is reducing ever since the new figures were brought in. They will come a time when the existing ones will go down and few cars will be levied at toll gates.let cars flood the roads. Hiking duty will just lead to reduction of what we want to achieve.
My able GRZ, there are too many universities and colleges mushrooming. This means alot of students being enrolled. Just as we are collecting k5 for every decorder subscribed, we can also collect k5 for every students registered in zambian institutions whether GRZ or private. This can also hel treasury.