ZAMBIA’s external debt has ballooned to a staggering US$13.96 billion while government has managed to collect about K26.3 billion in the first quarter of 2023 as total revenues and grants, Finance and National Planning Minister Situmbeko Musokotwane has disclosed.He said the central government external debt had jumped to US$13.96 billion from US$13.36 billion in 2022 and attributed the swell in the country’s external debt to disbursements from multilateral creditors.Dr Musokotwane was speaking at the 2023 first quarter budget performance in Lusaka yesterday.“During our January engagement, I presented the debt position as at endseptember 2022, with the central government external debt estimated at US$13.36 billion. In the interest of transparency, the Ministry of Finance and National Planning continues to publish this information in our quarterly debt bulletins, which can be accessed on the ministerial website,” Dr Musokotwane said.On the domestic debt front, Dr Musokotwane said Zambia’s stock of Government Securities increased slightly to K211.7 billion as […]
Zambia’s external debt swells to US$13.96 BN
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