The amendment is intended to align the date for submitting final returns to the current fiscal budget year, that is, 1st january to 31st december. 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. Inflation within target range of 6% to 8% during the first six months of the year. 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, 2018 to 31st december. National budget in my capacity as the minister of finance and economic development. The zambian national budget formulation and implementation process passes through four stages namely drafting,enactment or authorization,implementation and auditing. Zimbabwe 2018 national budget statement pdf download. In addition to the sudden death of the former president, his excellency. Speaker, preliminary indications are that the global economy is beginning. Presenting the 2018 financial blueprint for africas second largest copper producer, mr mutati said that of the total budget, k49. The zambian economist is a private website produced and maintained in my own time, and reflects solely my personal opinions. National sustainable development plan 2016 2020 the national development plan for 2016 2020, te kakeega iii tkiii, was endorsed by the parliament in. National development plan which was released in june 2017. Zambia will for the first time implement the national health insurance.
Accordingly, the zambian government has proposed a number of measures aimed at pursuing the strategic objectives contained in the seventh national development plan which was released in june 2017. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to. For instance, in 20 and 2016, only 2 percent and 10. Zambia budget 2016 beat the odds 5 budget deficit to widen to 6. Mutati, mp minister of finance delivered to the national assembly on friday, 29th september, 2017 1. It is based on the information available at the time it. The availability of budget documents contains a series of four tables that allow the researcher to examine and map the public availability and dissemination of its countrys key budget documents i. Budget support contribution to levels of public spending 127. Zambia budget 2014 finance minister alexander chikwanda delivered the budget statement 2014 today. Zambians can only hope that the minister and his team consider the aforementioned issues to be as salient for. Budget formulation and implementation in zambia free essay. Republic of zambia 2018 budget address by the minister of.
I have endovoured to labour on the problems the minister of finance encounters in the formulation and implementation of the budgeting process. Zambia tax platform press briefing on zambias 2017. Pdf on oct 18, 2012, stefan leiderer and others published evaluation of budget. Thus, the theme of the 2012 budget is making zambia a better place for all. It is also worth noting that the current spot prices for crude oil are showing. Further, the budget is only marginally lower than inflation. Part ii outlines the macroeconomic objectives, policies and strategies for the 2012 budget. Great work by the way from the zambia revenue authority who have also got it on their website in record time. Nov 23, 2016 2017 national budget 28% 5% 4% 31% 1%1% 9% 1% 16% 4% 2017 expenditure by function general public services defence public order safety economic affairs environmental affairs housing and community amenities health recreation, culture and religion education social protection 8% 15% 5% 3% 15% 12% 1% 8% 6% 27% resource envelope 2017 company income. Neither ey zambia nor any other member of the global ey organization. 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.
There is a saying in the financial circles that the national budget is a set of thousands of wishes that have to be satisfied by meager resources from the very people who are sending those wishes. Zambia tax platform press briefing on zambias 2017 national. The formulation of this budget was based on our national priorities which are reflected in the tkiii. 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. Sir, on 1st january 20, we successfully rebased the kwacha. These include increasing the revenue base to drive sustained inclusive growth and reduce the national debt burden. The 2011 budget the 2011 budget has been prepared taking into account the. The theme for this years budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all t he october 2015 zambia budget address for the year 1 january 2016 to 31 december 2016 was delivered to the national assembly by the minister of finance and national planning. It is based on the information available at the time it was completed on may 5, 2015. The cash exchange exercise will continue until 31st.
Analysis of the planning and budget process in zambia. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th october 2016. Delivered to the national assembly on friday, 29th september, 2017. The 2018 national budget statement presented before parliament today by the finance and economy planning minister patrick chinamasa. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. As at 30th september, 20, the bank of zambia had withdrawn k3. 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, 2016 to. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to finance such a leap in expenditure. Mutati mp, minister of finance delivered to the national assembly on 11th november 2016. European commissions country strategy paper for 200820 aligns well with the. The 2018 national budget will take the focus today as finance minister felix mutati presents it before parliament. Curtailing spending as part of these austerity measures, hon. But as always, i thought it was more important getting it across to you speedily. This is despite the bank of zambia significantly lowering the statutory and core liquid asset ratios, as well as introducing the policy rate currently at 9% as the main monetary policy tool.
We have in particular noted the measures taken by government to improve agriculture productivity and production. It is an overwhelming budget for zambian 2012 national budget. As highlighted by the expenditure restraints contained in the 2004 budget, the government is concentrating its efforts on reaching the completion point. Domestic and international borrowing at the end of. Statements published on the zambian economist do not represent the views or policies of employers, friends, family, past or present, or anyone i may or may not be associated with. The amendment is intended to align the date for submitting final returns to the current fiscalbudget year, that is, 1st january to 31st december. Evaluation of budget support in zambia deutsches institut fur. Oct 12, 2012 minister of finance alexander chikwanda today announced a k32. The aim is to set zambia on a path of sustainable growth and ensure equitable distribution of the tangible benefits of the country. 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. An analysis of the 2006 budget will therefore reflect the zambian governments commitment to financing social services for the poor and other redistribution mechanisms, as well the extent to.
Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue. The centre for trade policy and development ctpd understands that the national budget is a vital economic policy instrument, because it reflects the. Domestic and international borrowing at the end of august 2012, domestic debt, including arrears, increased by. 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.
The budget of any country is an important tool in the implementation of public policy and an indicator of priorities. The zambia national farmers union znfu has welcomed a number of measures advanced by government in the 2018 national budget. 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. Zambian economy in part two and this governments economic policy objectives for 2010 in part three. An evaluation of budget support in zambia 7 7 levels and composition of public spending 118 7. The speech indicates that the endyear target is 8 percent in 2010, and 12 percent in 2009. 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 zambian economist is a private website produced. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18.
This means that average inflation for 2010 will be bewteen 8 and 12. Sep 29, 2017 the 2018 national budget will take the focus today as finance minister felix mutati presents it before parliament. Zambia s risk of debt distress from high to moderate in the medium term. 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. Roadsip included the sector strategy and targets for 20.
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. Felix mutati our finance minister presented the national budget for 2018 on friday, september 29 2017. This implies that civic or citizen engagement is an. In 2011, government intends to limit domestic borrowing to 1. Zambians will keep their ears at parliament buildings looking out for what benefits may accrue to them in the budget. It is not intended to be a substitute for detailed research or the exercise of professional judgement.
With the vision of tkiii in mind, this budget was formulated to ensure tuvalu has a more protected and secure. Minister of finance alexander chikwanda today announced a k32. The minister stresses that this will be achieved by building self reliant people able to sustainably generate money for their own pockets. Communications unit national treasury private bag x115 pretoria 0001 tel.
The 2018 budget therefore may or may not meet the zambian peoples expectations. Oct 09, 2009 further, the budget is only marginally lower than inflation. The 2018 budget theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. 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.