Thu, 25 Jan 2018 17:51:15 +0000 By MAILESI BANDA GOVERNMENT saved K1 billion in 2017 after the removal of subsidies in the energy and agriculture sector. Finance Minister Felix Mutati announced that in the past year Government has been able to save the money due to the drastic step taken last year. Mr. Mutati was speaking during the cooperating partners meeting on the economic performance and 2018 outlook held in Lusaka yesterday. The minister described 2017 as a positive year economically, stating that tax revenues in the year under review registered a 4 percent increase above budget. He said the expenditure values were below target at about 7 percent. “As Government we have continued to value the policy guidance and support we get from you our cooperating partners”. “The year 2017 was anchored on fiscal fitness and this supported our tax revenue which registered a 4 percent increase while the expenditure values where below target,” […]
