Mon, 12 Dec 2016 12:29:30 +0000 By Mailesi Banda THE removal of subsidies on fuel has started paying off as more than K1.6 billion has been paid to contractors across the country from the money saved after the removal of subsides on fuel, Finance Minister Felix Mutati has announced. Mr Mutati said while the decision to remove subsidies might have seemed cruel, Government had managed to save substantial amounts of money which was now being channeled to sectors such as infrastructure projects. Speaking at a post-budget discussion in Mongu on Saturday, Mr Mutati said that for government to save more money, the Ministry of Finance was formulating ways to regulate spending in institutions and agencies. He said the proposed increase in electricity tariffs was meant to stabilise the energy sector and attract investment as the current electricity tariffs were not helping the energy sector grow at the same rate the country was economically expanding. […]
