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Thursday, May 28, 2020

Tax expert calls for Financial Discipline in the dispensation of the 2019 National Budget

General News Tax expert calls for Financial Discipline in the dispensation of the 2019...

A Tax Expert in Mansa District in Luapula province has called for Financial Discipline in the dispensation of the 2019 National Budget as the country targets to grow its economy.

Mr. Emmanuel Musanje notes that there is need to allocate the money from the 2019 national budget for the intended priorities in view of the fiscal measures that the country has put in place.

Mr. Musanje says in an interview that there is also need for action to the Auditor General reports whenever irregularities are reported if the country is to achieve financial discipline.

He states that Zambia is capable of paying off its external debts if only financial discipline is there in the economy.

Mr. Musanje is expectant that in the 2019 National Budget to be presented to parliament tomorrow by Finance Minister Margret Mwanakatwe, government will be able to dismantle debt obligation to the domestic suppliers.

He explains that when the debt obligation is cancelled to domestic suppliers they will be able to pay tax which government can use to pay off the external debts.

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