Agriculture, fishery and forestry, which account for 20 per cent of zambian gdp, shrunk by 2. Zambia develops policy to accelerate industrialisation. Felix mutati presented the 2018 national budget to parliament. Pdf a manual for local government financial management. Zambia budget 2016 beat the odds 5 budget deficit to widen to 6. The zambian national budget formulation and implementation process passes through four stages namely drafting,enactment or authorization,implementation and auditing. Sir, government remains grateful to all citizens, institutions and organisations who patriotically responded to the call to submit proposals for the 2016 budget. Revised forward february 2016 management of poultry as well as recordkeeping and marketing tips.
Zambia to reduce government budget deficit by 33% in 2016 october 6, 2015 zambias government has recently announced that it plans to trim its budget deficit for the year 2016 to an average of 5. Directors noted that zambias moderate risk of external debt distress calls for prudence in borrowing on commercial terms. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. It is based on the information available at the time it was completed on may 5, 2015. Addressing operational efficiency and performance issues. According to the 20 demographic and health survey dhs released on. Key budget documents zambia budget document full title fiscal year the budget document refers to date of publication pre budget statement 2014 2016 medium term expenditure framework and the 2014 budget green paper 2014 august 20 executives budget proposal ebp 2014 budget address by hon. Sir, the zambian economy in 2017 has continued to rebound. Open budget survey 2017 international budget partnership. A promise renewed ministry of community development, ministry of health mother and child health april 20. Nov 24, 2015 2015 budget speech pdf zambia revenue authority oct 10, 2014.
Sir, on 1st january 20, we successfully rebased the kwacha. Zambia has three outstanding euro bonds totalling over 2. Indaba agricultural policy research institute, lusaka, zambia. These priorities were discussed extensively during the budget dipitso held with relevant stakeholders late last year.
These valuable contributions made it possible to formulate the 2016 budget in a manner that. Zambia approves budget line for reproductive health supplies in january, the government of zambia approved its firstever budget line for reproductive health supplies, including contraceptives. Seventh national development plan 20172021 i foreword zambia remains committed to the socioeconomic development planning of the country as reflected by the return to development planning in 2005. The 2018 budget theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. Zambia economy, politics and gdp growth summary the. Details of the budget, which unless otherwise indicated will apply from 1 january 2016, are summarized below. As mentioned, the guide should be viewed as a source of basic information. Details of the budget, which unless noted will apply from 1 january 2016, are summarized below. On 9 october 2015, zambias minister of finance presented the budget for 2016 the budget to the parliament. Between 2006 and 20, government health expenditure as a percentage of total health expenditure the increased from 38% to 58%. Next, the most costeffective variants must be selected. Accordingly, the zambian government has proposed a number. This is essentially the pf plan for reelection as this will be last budget outline before the elections in 2016 actual budget due next month. Commenting on the 2016 budget, deloitte said it is not clear from data provided in the 2016 budget speech whether government will reduce growth in consumption expenditure, particularly whether it.
Zambias risk of debt distress from high to moderate in the medium term. Government has undertaken shortterm measures to address the problem, including importing emergency power from abroad, but admits that this is not a sustainable solution. Budget support was especially effective in sectors and situations where there was. Pdf 2015 zambia budget analysis kampamba shula academia. The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on 26 november, 2015 by hon. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. Part i gives an overview of the global developments and their impact on the domestic economy. Roadmap for accelerating reduction of maternal, newborn. The mineral industry of zambia, 2016 pdf detailed description. On 29 september 2017, zambias minister of finance, hon. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2010 to 31st december 2010. As the prebudget st atement for fy 2017 was not published on a go vernment website, this question was answered with na, per guidelines.
Box 50062 chimanga road, lusaka all correspondence should be addressed to the secretary to the treasury. With the exception of 2016, budget execution at the district level was fairly good. A constitutional referendum was held alongside the elections, with proposals to amend the bill of rights and article 79 president edgar lungu, previously elected in january 2015 to finish the term of michael sata, who died in office, was reelected to a full fiveyear term when he scored. As at 30th september, 20, the bank of zambia had withdrawn k3. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th october 2016.
General elections were held in zambia on 11 august 2016 to elect the president and national assembly. Zambia mtef 201618 and 2016 budget the government has released the medium term expenditure framework mtef for 2016 2018 and the outline for the 2016 budget. Contents 2 2016 budget commentary 6 2016 sectoral impact 14. Budget formulation and implementation in zambia free essay. Tax rates 2016 corporation tax rates 2016 2015 mining 30% 30% variable profits tax where income exceeds 8% of gross sales up to 15% up to 15% income from tolling and metal processing 35% 35% manufacturing and trading 35% 35% farming business 10% 10% banking profits 35% 35% profits from production of chemical fertilizers 15% 15%. In recent years, zambia has aimed to expand provision of health services through the public sector. Civil society engagement in the national budget process 3 engagement as a process, not an event that closely involves people in the economic, social, cultural and political process that affect their lives. Review of 2016 social sector budget allocations unite for children.
Zambia, africas secondlargest copper producer, achieved middleincome country status in 2011 during a decade 20042014 of impressive economic growth, averaging 7. Country chapters from the minerals yearbook volume iii. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. The ministry of commerce, trade and industry represented zambia in the council of ministers of commerce during the comesa summit which closed on october 19, 2016, in antananarivo, madagascar. Republic of zambia 2018 budget address by the minister of. Grant thornton zambia budget bulletin 2016 2 2016 budget commentary the 2016 national budget was presented by the honourable minister of finance to the national assembly on 9 october 2015. Zambia recorded a government budget deficit equal to 7. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. The seventh national development plan 7ndp for the period 2017 2021 is the successor to the revised sixth national development plan, 202016 r. The world bank has partnered with zambia since 1955 to support the countrys development projects, including mining, infrastructure and health.
The 2020 budget is premised on an ambitious revenue mobilization and financing framework. Recognizing the need to address infrastructure gaps, they. Zambia national education coalition zanec executive director grace manyonga said the sector had been allocated a total of k9,143,215,926 17. As i begin this budget speech, i wish to pay tribute to the late john mupanga mwanakatwe, sc, a distinguished lawyer and former minister of finance. The aim of this budget brief is to improve awareness and understanding of allocations to social sectorshealth, education, water and sanitation and social protectionin the 2016 zambia national budget. Headline messages as a share of the overall budget, the 2016 allocation for the education sector is the lowest in. App0332012kasote singogo vs lafarge zambia plc20th may 2020mambilima cjkajimanga and mutuna jjs. This act may be cited as the constitution of zambia amendment act, 2015, and shall be read as one with the constitution of zambia, in thisact referred to as the constitution. Curtailing spending as part of these austerity measures, hon. The seventh national development plan 7ndp for the period 2017 2021 is the successor to the revised sixth national development plan, 20 2016 r. Freedom on the net 2019 pdf, 2018 pdf, 2017 pdf, 2016 pdf, 2015 pdf, 2014 pdf human rights watch we have to be worried the impact of lead contamination on childrens rights in kabwe, zambia aug.
Zambia country operational plan cop 2016 strategic. App202017connie munalula vs donald mwaba31st march 2020musonda, dcj, kaoma and kajimanga, jjs. This page provides zambia government budget actual values, historical data, forecast, chart. Budget for 2016 details on 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. Fiscal consolidation the minister noted that in light of challenging economic conditions fiscal consolidation to safeguard our past achievements and secure a prosperous future for all would be the theme of the 2016 budget.
The cash exchange exercise will continue until 31st december 2015 to enable all zambians. Bdo zambia budget 2016 6 vat removed on nonlife premiums and 3% levy introduced on all premiums 4. Zambia faces a highly uncertain economic and political outlook in 202024 as it struggles to meet large and opaque outstanding debt obligations talks with the imf are beginning but progress will be slow. Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. Sir, to further improve the quality of health care and reduce referrals. The wage freeze is addresses as well as the mining tax regime changes. Efforts should be made by poultry producers to obtain more information regarding recommended production practices. The aim of this budget brief is to improve awareness and. I have endovoured to labour on the problems the minister of finance encounters in the formulation and implementation of the budgeting process.
Efficiency and performance issues are discussed in chapter 15. Republic of zambia recommending favourable consideration of the motion that i now lay on the table, in accordance with the requirements of article 117 of the constitution, as amended. Details of the budget, which unless noted will apply from 1. Madam speaker, the preparation of the budget proposals for the 20162017 financial year was guided by priorities, as presented in the 20162017 budget strategy paper. This chapter focuses on the core processes of budget preparation, and on mechanisms for aggregate expenditure control and strategic allocation of resources. Mwanakatwe said in her budget speech the patriotic fronts eighth budget since it came to power in 2011 that going forward government will amongst other things, focus. Zambia to reduce government budget deficit by 33% in 2016. External resources contributed heavily and have remained. Objectives of budget preparation during budget preparation, tradeoffs and prioritization among programs must be made to ensure that the budget fits government policies and priorities. Compared to many other southern african countries, zambia has relatively abundant land and water. This, mr speaker sir, will build on the gains realised so far in the reengagement process, also under the auspices of our staff monitored programme with the imf. Zambias constitution of 1991 with amendments through 2016.