Zambia 2014 national budget download

National development plan which was released in june 2017. 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 countries are ranked by their budget revenues in fiscal. The 2015 budget is better than the 2014 one because although both are developmental the 2015 has a more easier to manage fiscal deficit than the 2014. Speaker, zambias domestic debt including arrears as at endseptember 2014 stood at k21. If zambia wants economic diversification to materialise, the current total agriculture sector budget of zmw 5. Zambia recorded a government budget deficit equal to 7. Zambian annual budget discussion breakfast blog kpmg africa. I have the honour of tabling our governments budget for fiscal year 20 2014, the budget that restores balance. This page provides zambia government budget actual values, historical data, forecast, chart. At the conclusion of his speech the minister presented the full 254page 2019 national budget statement which can be downloaded below. Details of the budget, which unless otherwise indicated will apply from 1 january 2016, are summarized below.

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. These include increasing the revenue base to drive sustained inclusive growth and reduce the national debt burden. Some of this information is unaudited or subject to revision. The 2020 budget theme focusing national priorities towards stimulating the domestic economy is clearly aimed at dealing with zambia s declining economic performance. I have endovoured to labour on the problems the minister of finance encounters in the formulation and implementation of the budgeting process. We will achieve these targets by an adjustment of 3. Mr speaker sir, i am, therefore, counting on the unwavering commitment and support of all stakeholders colleague ministers, honourable members, private sector players, labour, civil society. The list is mainly based on cia world factbook for the year 2016 and 2019. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. The wage freeze is addresses as well as the mining tax regime changes.

Generally, an ebook can be downloaded in five minutes or less. Between 2011 and 2014, zambia experienced strong economic growth at a rate of c. Ratio of government expenditure to gross domestic product gdp in zambia 2024 zambias budget balance in relation to gdp 2024. The 2014 national budget statement towards an empowered society and a growing economy presented to the parliament of zimbabwe on 19 december, 20 by hon. Only 11 per cent of children under the age of 5 have registered births, with 4 per cent having birth certificates. 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 20 to 31st december. A comparison of prevailing royalty rates in 2014 shows that, at 6 percent, zambia s royalty. Capital spending is the fastestgrowing component of expenditure, and is set to exceed inflation by over 4 per cent a. 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. Zambia budget balance in relation to gdp 20142024 statista. This page provides namibia government budget actual values, historical data, forecast. The zambian national budget formulation and implementation process passes through four stages namely drafting,enactment or authorization,implementation and auditing. Namibia recorded a government budget deficit equal to 4. But as always, i thought it was more important getting it across to you speedily.

Zambian finance minister, alexander chikwanda presented the national budget on 10 october 2014. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. The seventh national development plan 7ndp for the period 2017 2021 is the successor to the revised sixth national development plan, 202016 r. The minister of finance and economic development, professor mthuli ncube, delivered his 2019 national budget speech in the national assembly in harare on thursday 22nd november 2018. The launch of zambia s national agricultural investment plan naip 2014 2018 in 20, was another milestone in accelerating agricultural growth by providing an overall investment framework for the agriculture sector in zambia. Zambia s economic development and embracing the caadp maputo commitments. Building on last years theme, the 2014 budget reflects the governments intention to consolidate growth and. Correctedupdate 2zambia hikes mining taxes in 2019. There has been a reduction in allocations to fisp from zmw 2. It is a social crisis with the majority of people denied a minimum decent living standard. In his maiden budget speech, the minister of finance, hon dr bwalya ngandu stated that economic growth is expected to slow down to 2% by the end of 2019.

The latest jctr 2001 monthly food basket survey shows that it is becoming more and more. Zambia has made notable progress in improving maternal health in the last decade. Analysis of the planning and budget process in zambia. Data collection services for the usaidzambia education project. With a low contraceptive prevalence rate and limited skilled birth attendance, there remains a critical need to accelerate the implementation of high impact maternal health interventions. Three days later, kpmg zambia hosted the third annual budget discussion breakfast at hotel intercontinental in lusaka. In practice this means that government needs to reduce the fiscal deficit, maintain debt within sustainable levels and build a smart zambia to stimulate private. International license, which permits downloading and sharing provided the.

Ministry of finance and 2020 national budget source. Data collection services for the usaidzambia education. The authorities estimated that the change would boost budget revenues from the mining sector by about 1 percent of gdp, based on an assumption that the change would have no adverse impact on production. Ministry of finance, and 2020 national budget actual projectedforecast gdp growth of 2% is projected for 2019 compared to initial forecast of 4%.

Great work by the way from the zambia revenue authority who have also got it on their website in record time. 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 2014 to. In 2018, the inflation rate in zambia amounted to about 7 percent compared to the previous year. Vicepresident guy scott with finance minister alexander chikwanda before a meeting at state house on july 14, 2014 picture by thomas nsama. He was a leader who tenaciously fought for the wellbeing of all zambians and will forever hold a place of. This statistic shows the inflation rate in zambia up until 2024. National disaster management and coordination structure. The cash budget was supposed to bring down inflation, restore fiscal discipline, and contribute to economic growth. Budget for 2016 details on 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. Budget 2014 financial statement by the minister for finance. Mutati mp, minister of finance delivered to the national assembly on 11th november 2016.

An overview of zambia s economic and poverty situation introduction poverty is the most profound challenge that zambia faces today. Budget balance between 2014 to 2024 in relation to gdp. 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. The cash budget in zambia is a clear example of a wellintentioned macroeconomic policy that has had an adverse impact on poverty outcomes over the years. The chinese, brazilian, indian, and united states government budgets are the figures reported by the international monetary fund the table includes information from governments budgets. Budget formulation and implementation in zambia free essay. However, progress is insufficient to achieve the target for the maternal health millennium development goal. 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. Zambia will for the first time implement the national health insurance. Click here to download the complete set of the 2014 15 budget for offline reading. Finance minister alexander chikwanda delivered the budget statement 2014 today.