Mon, 29 Jan 2018 14:05:32 +0000 Finance Minister Felix Mutati says the economic and fiscal consolidation reforms embarked on in 2017 have gained momentum and are beginning to yield positive results. A liaison meeting with Zambia’s Cooperating Partners was held yesterday by the Ministry of Finance and their counterparts led by Minister of Development Planning Ministry of Development Planning Alexander Chiteme. And Mr. Mutati explained that Zambia’s fiscal deficit in December, 2017 was only 6.1% against a budget target of 7.3% a positive performance which is consistent with government’s fiscal consolidation policies. He also disclosed that total tax revenue collections in 2017 were above target by 4%. Zambia recorded a 6.1% inflation rate as at December 2017, the lowest record so far in 40 years. With domestic debt reducing from K19 billion in December, 2016 to less than K10 billion in December, 2017. Mr. Mutati reiterated that Government’s commitment to enhance domestic resource mobilisation and […]
