Monday, March 4, 2024

Finance Minister moves Motion for a K6.3 billion supplementary budget for the year 2020

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Finance Minister Bwalya Ng’andu has today moved a motion in Parliament for the House to consider a supplementary budget for the year 2020 amounting to 6.31 billion kwacha.

Speaking when he presented the motion, Dr. Ng’andu said out of the proposed amount, 4.2 billion kwacha will be dedicated to centralized allocations under the ministry of finance.

He further said of the 4.2 billion kwacha, 3.7 billion is required as supplementary to cater for outstanding payments that were brought forward from last year and the cost of additional recruitment for medical personnel in 2020.

Dr. Ng’andu explained that 5 hundred million kwacha has been set aside to dismantle arrears across various ministries, provinces and spending agencies.

He said other notable allocations include 790.4 million kwacha to cater for arrears on fuel and electricity.

Dr. Ng’andu further said under the Ministry of Health, it is proposed that a supplementary of 547.7 million kwacha be set aside for the procurement of drugs and system strengthening project.

16 COMMENTS

  1. The evil upnd disaporans and upnd zambian supporters were all wishing for the death of our finance minister following reports he had fainted. This is further evidence that the upnd are evil and satanists who thrive on the spilling of blood. These freemasons need to be gotten rid of.

    I have received a lot of requests for me to avail my assets and networth. This follows rumours that I am one of the richest men in zambia. I want to end these rumours once and for all. I would like to formally inform the entire nation what my current networth is. Without further ado my current net worth is:

    MIND YOUR OWN BUSINESS!!!!

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  2. The evil upnd disaporans and upnd zambian supporters were all wishing for the death of our finance minister following reports he had fainted. Shame on them. Infact your HH will die before our minister. mark my words

    I have received a lot of requests for me to avail my assets and networth. This follows rumours that I am one of the richest men in zambia. I want to end these rumours once and for all. I would like to formally inform the entire nation what my current networth is. Without further ado my current net worth is:

    MIND YOUR OWN BUSINESS!!!!

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  3. So soon? When did you deliver the budget? Mr Ngandu, you can see this gig is not for you. When you are working for liers and thieves. You are putting in too much believing may things might improve. The thieves in PF don’t care. It’s time you took care of your health and integrity. By the time you leave government next year, you will be damaged goods and no one would want to hire you. Your integrity will be deep in the toilet.

  4. Bwana Minister, are you telling us at the time of drafting the initial budget you did not know what the outstanding payments for 2019 were? or is the supplementary intended for something else? These guys have serious transparency and integrity issues.

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  5. Budget, really? Budgets are supposed to bring order, discipline and method to our financial affairs. Whn there’s financial disorder, what budget is there to talk about?

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  6. So more than half of this supplementary budget is needed to pay off local debt.

    Bola yakosa.

    Can he also tell us if this government intends to pay off external debts? When and how?

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  7. After that dreadful collapse, I thought he was convalescing. A quick recovery indeed. The acting minister must be very pleased to hand back Finance responsibilities this quickly!

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  8. Please Luapula United spare our Minister, why don’t you do ichimbuya na bena KZ? Send him some Chienge fireworks for Christmas

  9. This is bankrupt opposition supporters are. They don’t understand what a supplementary budget is. A supplementary budget is one which is used to finish off remaining expenditures for the year, in this case the 2020 budget. But opposition supporters are so dull they think its supplementary for 2021 budget. The 2021 budget hasn’t even been implemented how can it have supplementary? Dull boys, no wonder you think a dull person, who doesn’t even smile can win presidency of Zambia.

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