The Report of the Auditor General on Accounts of the Republic of Zambia for the financial year ended 31st December 2017 revealed that a total of K193 million was under query. This amount is a reduction from K538 million which was reported in the financial year ended 2016. Although the report reveals a significant reduction […]
Public Financial Management (PFM) refers to the set of laws, rules, systems and processes used by sovereign nations (and sub-national governments), to mobilise revenue, allocate public funds, undertake public spending, account for funds and audit results (Lawson, 2015). It encompasses a broader set of functions than financial management and is commonly conceived as a cycle […]
On Friday 28th September 2018, the Minister of Finance, Honourable Margaret D. Mwanakatwe, and MP delivered the 2019 Budget address to the National Assembly under the theme “Delivering Fiscal Consolidation for Sustainable and Inclusive Growth”. The 2019 National Budget was formulated against the backdrop of the austerity measures being implemented by Government to deliver fiscal […]
On Wednesday 17th October 2018, the President of the Republic of Zambia, His Excellency Mr. Edgar Chagwa Lungu held engagements with The Vice President of the World Bank Dr. Hafez Ghanem, Luapula Expo Investors and key Government officials on fundamental issues pertaining to the country. Below is our analysis on various key aspects of the […]
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PMRC presentation to Parliamentary Committee on Budget Estimates The discussions bordered around; Fiscal Consolidation for Sustainable and Inclusive Growth. The specific macroeconomic objectives for 2019. Major observations on Education, Health and Agriculture allocation The 5 pillars of the Seventh National Development Plan Among other points, PMRC submitted that for the 2019 Budget implementation to score […]
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According to the Seventh National Development Plan (7NDP), the agriculture sector is the fourth largest contributor to GDP (8.7 percent) and the largest contributor to employment (70 percent). The sector is critical for achieving diversification, economic growth and wealth creation in Zambia. One major component of the agriculture sector is the e-Voucher programme which was […]