By BUUMBA CHIMBULU THE Zambian economy has continued to record stability as evidenced by a trend of above target performances of the majority of revenue streams which have led to Government collecting K64.4 billion between January and July, 2021.Secretary to the Treasury Fredson Yamba said total collections of revenues and grants for the period January to July of 2021 amounted to K64.4 billion.In a statement, Mr Yamba indicated that this amount was 56 percent above the target of K41.2 billion.“The government is pleased with the performance of various revenue generation initiatives during the first half of implementation of the 2021 national budget. The coast is clear and the future is bright.“Tax revenue accounted for K45.2 billion, non-tax K18.4 billion and K753 million was from grants,” he said.And Zambia’s ongoing external Debt Service Suspension Initiative (DSSI) has lowered the country’s debt service payments by 41.7 percent, as the country collects K64.4 billion from revenue streams between […]
ECONOMY CONTINUES TO RECORD STABILITY – TREASURY
