Sat, 12 Nov 2016 13:20:20 +0000 THERE are no conditions or financing arrangements with the International Monetary Fund in the country’s economic recovery programme because Zambia has not yet discussed any programme with the Fund, Finance Minister Felix Mutati has clarified. And Mr Mutati has warned of hard economic times, stating that Government is not going to spend what it does not have nor will it borrow beyond its ability to repay. Unveiling the 2017 National Budget at Parliament yesterday, Mr Mutati said in order to restore economic stability, Government had designed an economic recovery programme dubbed ‘Zambia Plus’ aimed at ensuring sustained and inclusive growth. Mr Mutati said Government realized that the hard choices it was making would have consequences on society particularly the vulnerable and there was need, therefore, to make a commitment to scale up social safety net programmes. Mr Mutati said Zambia’s economic recovery programme was built on five pillars which […]
It’s recovery budget/ …Govt won’t spend what it doesn’t have, will not borrow beyond what it can repay
