Entries by pmrc

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Blog: 2022 Budget Analysis – Good Governance Environment.

Public Financial Management Government has identified public financial management as key to meeting its development agenda. In the 2022 budget focus, will be on strengthening national planning, internal controls and audit, resource mobilization, procurement as well as transparency in debt contraction and management, among other areas. In the 2022 budget, Government has outlined its desire […]

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Blog: 2022 Budget Analysis – Environmental Sustainability.

Climate change adaptation and mitigation is among the key areas of focus for the 2022 budget to improve environmental sustainability. This is in line with Government’s emphasis on ‘greening’ the economy, and entails that all environmental activities that are scheduled for 2022 should be executed in a manner that is climate-friendly. The budget allocates just […]

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Blog: 2022 Budget Analysis – Transport Sector.

A well-functioning transport system has the potential to reduce the overall cost of doing business in the country and to increase efficiency in the movement of goods and people within Zambia. Furthermore, the Country’s central location places it in a key position to become a transportation hub. The 2022 budget recognizes road, rail, air and […]

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Blog: 2022 Budget Analysis – Energy Sector.

Government seeks to shift resources to higher productivity lines. The energy sector is key to the economic transformation agenda. Challenges have been identified in the sector, particularly in relation to electricity and petroleum. Electricity tariffs are not cost reflective and this has contributed to low private sector involvement. In relation to petroleum, procurement of petroleum […]

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Blog: 2022 Budget Analysis – Small and Medium Enterprise Development.

The manufacturing sector has played a key role in the realization of Zambia’s economic growth and development as well as the country’s industrialization agenda. The contribution of Zambia’s manufacturing sector to GDP remained stable over the period 2015-2019 with an average of about 7.9%. The high cost of doing business, an unstable macroeconomic environment and […]

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Blog: 2022 Budget Analysis – Manufacturing and Industrialisation.

The manufacturing sector has played a key role in the realization of Zambia’s economic growth and development as well as the country’s industrialization agenda. The contribution of Zambia’s manufacturing sector to GDP remained stable over the period 2015-2019 with an average of about 7.9%. The high cost of doing business, an unstable macroeconomic environment and […]

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Blog: 2022 Budget Analysis – Mining Sector.

The budget emphasises on the need to increase output through the increase in production capacity and entry of new mining companies in the sector. Mining has been the main driver of the Zambian economy contributing about 12% towards the Gross Domestic Product (GDP), and generating most of the foreign earnings, foreign direct investments as well […]