Saturday, April 20, 2024

K9.3 billion released for 2022 Budget Implementation, all arrears to contractors cleared

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The Ministry of Finance in May released K9.3 billion towards the ongoing implementation of the 2022 National Budget.

Finance and National Planning Minister Situmbeko Musokotwane said that 9.2 billion of the total release was domestically financed while 76 million Kwacha was foreign.

Dr Musokotwane said that of the released funds 646.5 million Kwacha was channelled towards the countrywide supply of drugs and medical supplies to avoid interruptions while public hospitals and universities got 29.2 million Kwacha for operational expenses.

He says women and youth empowerment programmes under the Constituency Development Fund (CDF) were given K 2.8m.
The Minister states that primary and secondary schools are funded on a quarterly basis hence grants for the second quarter were disbursed in April to facilitate the smooth implementation of the free education policy in the second term.

Dr Musokotwane further reveals that Food Security Packs and the Social Cash Transfer Programme got K1.50m and K169.3m. Other sectors that have benefited are road funds with 741.4 million Kwacha which involves payments to over 700 micro, small and medium scale contractors and suppliers of services in the road sector.

In a statement to the media in Lusaka, Dr Musokotwane said this has cleared all arrears to contractors.
The Minister also noted that K368.8m was released to dismantle liabilities for goods and services previously supplied to the Government, of which 1-hundred million Kwacha went towards payment of personnel-related arrears for public service officials, some of whom were owed for more than 5 years.

And Dr Musokotwane said K2.4bn was released for debt service of which K433m went to external debt service for multilateral creditors while  Salaries for civil servants and overseas allowances for employees in missions abroad got K3.91bn.

Meanwhile, Dr Musokotwane has expressed delight that consultations for the 2023 National Budget and the 2023-2025 Medium Term Expenditure Framework are progressing well.

He said the positive feedback from stakeholders and the public to the Ministry’s invitation to participate in the formulation of next year’s national budget and the MTEF for 2023 to 2025, is encouraging and demonstrates the resolve by Zambians to help shape the direction of economic policy and the national development process.

So far the Ministry of Finance and National Planning has held participatory consultations in Luapula and Northern Provinces with nine other meetings set from June 6 to 22 in seven provinces.

18 COMMENTS

  1. Has cleared arrears to only upnd sympathisers. We cannot be cheated. People want jobs. You promised reduced cost of living and millions of jobs and yet your president has failed to fulfil even the smallest of promises such as selling presidential jet. He has realised how sweet life is at the top

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  2. Really laughable …look at how fooooolish some look…give gratitude where its due, part of HH7 promises was clearing these arrears by dismantling the debt structure hence some of these debts are being cleared now this to be honest is not what Pay Forward of Lazy Lungu was renowned instead they kicked the can further up the road.

  3. I was of the idea that the UPND was going to be the best gov Zambia ever had but when i read the part that they already planning for 2023-2025 then im convinced it ll end up becoming one of the finest gov in Africa(not jst Zambia) as there will be no competition in Zambia.The standards set and implemented will be too high to compare them with any local. The guys are gunning for the world stage-watch the space and you better wake up where ever you are and starting gunning for the world audience too-dont be confortable with less. If HH is the richest man in Zambia(Zambian whites included)-what makes “a poor you” comfortale?

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  4. To be honest, lets commend this level of transparency and prudency. Remember that these arrears were generated by PF and probably fake supplies. Its better to clear and begin to focus on new service delivery. Its excellent to see that planning for next budget has commenced. I hope to see more money for the Human development sectors of Education, Health and Agriculture. Way to go.

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  5. People in a community had chitenge making place.But It had stopped working due to some problems.Some people in the community rose to convince people that once elected they would restart the chitenge plant.They said they would not borrow or seek financial help from outside sources like the others.Surprisingly,when they ascended to power, they said they were seeking financial help from outside the country to restore chitenge making plant.This would help create employment opportunities for the locals…………………

  6. PAYING FOR THINGS PF DIDNT PAY FOR WHO JUST GAVE PROMISES COME TOMOROW
    IF IT WAS ME ID TELL THEM SEE PF AND LUBINDA TO GET YOUR MONEY AS IN ALL LIKELYHOOD SOME PROJECTS WERENT COMPLETED OR EVEN STARTED
    NOW THATS A GOVERNMENT IN PROGRESS

  7. Good Afternoon Zambia !!
    WELL DONE GRZ, step by step, but sticking to your vision and goals!
    I hope these PF Hollow Head like …….Lvbinda, Lvsambo, CK, Nakachinda, Mwamba, Mundubile and others like SEAN Tembo and Fred M’membe are involved in the consultations for the 2023-2025 National Budget. And we don’t want to hear any NOISE once the budget is approved next year !!!
    Their time is now to start making an impact and NOT running to the media for rubbish articles.

  8. #2 – @Tarino Orange,
    Honestly, were you expecting a different reaction?
    Atleast the TROLL has answered back, but have you NOTICED comments from some of the notable PF “gang members” here are missing?
    If it’s positive news, they disappear, but if Sean Tembo or Nakachinda was to come up with the usual “crap”, then they spring up like cockroaches.

  9. Because I mentioned tu PF above in #9, the next follow up comment, is NOW stuck with the usual and disgusting moderation by LT.
    That’s why I say, LT is a still a PF media.
    Kuwaya…waya fye !!

  10. # 11 The Engineer, Hia hia hia hia – a big difference indeed. Others protest for being called thieves and made Zambia default on loans recklessly borrowed for payments. HH is 5th best president in Africa – great achievement KZ agrees with this statement.

  11. However you look at it, there is sanity in the country. Of course, improving the cost of living and standard of life will take longer, but implementing good policies and following the order of business is a good start. All else being equal, HH is likely to deliver for the Zambian people.

  12. When you give a report after shift, you indicate how much you have done,jobs interrupted………,.,.

  13. It’s better he gives an update on debt servicing as well. Has he continued with Bwalya Ng’andu’s reported default? It seems the UPND tactic is to release info that only puts them in good steed even if it’s half truths.They want to continue to paint their predecessors black even when it’s clear that some decisions that were made before them were good. You’re now in charge and the best you can do is to give the true picture of how things stand and why you’ve made certain decisions. We’ll understand otherwise some decisions might as a shock yet they’re inevitable

  14. Well done sir, we still waiting untill see how many pipo will benefit especially here in kasama too much corruption

  15. Useless government…you ever have the guts to talk about shortfall how shameful…Are you not the one who has given mining firms tax holiday! How stu.pid…

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