By BUUMBA CHIMBULUGOVERNMENT has launched aubiquitous K119.6 billion budget designed to engender economic progress while addressing the debilitating ravages of Covid-19 and putting more money in people’s pockets by raising the taxable threshold from K3, 300 to K4, 000 to benefit the poor and disadvantaged.More tax relief measures to improve business cash flows have been proposed by Finance Minister, Bwalya Ng’andu, as he prioritises economic stimulation during the Covid-19 period, while unveiling one of the toughest national budget in the history of this country.Covid-19 related factors have forced Dr Ng’andu to increase the size of the plan by K13.6 billion as he proposes to spend K119.6 billion in 2021 from K106 billion which was planned for this year.Government’s focus therefore in the medium-term is to contain the spread of the virus, mitigate the effects of the pandemic and restoring macroeconomic stability as well as growth.While increasing the size of the national budget, Dr Ng’andu announced […]
SURVIVAL BUDGET
