By SIMON MUNTEMBAGOVERNMENT has released K1.46 billion for social protection programmes of which, K1 billion is targeted at paying pensioners under the Public Service Pensions Fund (PSPF).Minister of Finance and National Planning, Situmbeko Musokotwane said the K1 billion released to PSPF for pensioners was to safeguard their livelihoods and ensure that the money that they labored for during their time of service, was in their hands.Dr Musokotwane also explained that of the released social protection funds, K217 million was for purchase of drugs and medical supplies, K169 million was for the Social Cash Transfer Programme, and K40 million was for the Food Security Pack Programme (FSPP).He said in a statement that Government’s objective for the year was to dismantle all historical pension dues owed to retired public service workers and curtail any accumulation of pension arrears, going forward.He said the funds were financed by the International Monetary Fund (IMF) Special Drawing Rights (SDR), an action […]
Govt releases K1.46 billion social protection funds
