The cash exchange exercise will continue until 31st december 2015 to enable all zambians. Public and private funding of basic education in zambia. The measure is intended to widen the tax base by preventing double nontaxation of income from international carriage where zambia the. Gpa331 1 explain the budget process in zambia the budget. The staff report prepared by a staff team of the imf for the executive boards consideration on may 20, 2015, following discussions that ended on march 31, 2015, with the officials of zambia on economic developments and policies. It seeks to allocate resources systematically and fairly. Sir, on 1st january 20, we successfully rebased the kwacha. The growth in zambias gross domestic product gdp is expected to be significantly less in 2015 than projected in last years budget as a result of. Nonetheless, funding for hiv accounts for a full 20% of the grz health. Zambia is expected to continue experiencing significant population. The 2018 budget theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. The sixth national development plan sndp, which covers the period 2011 2015, charts an ambitious path to transform the lives of zambians.
Zambia implements the source rule regime for taxation of income. Moreover, zambia has been inconsistent in which documents are made publicly available in any given year. The brief also notes that implementation of the 2016 budget has been characterized by weak commitment control and. The ministry is headed by a minister whose mandate is drawn from the minister of finance incorporation act, chapter 349 of the laws of zambia. Zambia was the first country in southern africa to rollout the comprehensive refugee response framework crrf in 2018. The analysis, raising revenue for economic recovery, highlights several challenges the country faced this year, including power outages, tight liquidity, and limited appetite for economic reform during the first half of 2016.
This page provides zambia government budget actual values. Compared to many other southern african countries, zambia has relatively abundant land and water. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. 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. Pdf 2015 zambia budget analysis kampamba shula academia. The mineral industry of zambia, 2015 pdf detailed description. 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. It is good to be back after almost a monthlong break. The government of zambia expects the budget deficit for 2015 to increase to. The 2019 budget will seek to gradually condense the fiscal deficit, maintain a sustainable debt position and safeguard the vulnerable in society. Explain the budget process in zambia the budget is the most important economic policy tool for macroeconomic management and resource allocation for any government. Budget support was especially effective in sectors and situations where there was. The budget is focused on consolidating gains made in the past year of promoting fiscal fitness.
Bank of zambia and central statistics office source. Felix chipota mutati mp, delivered the 2018 budget address to parliament and the zambian nation themed accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. This report provides an analysis of public investment planning for disaster risk reduction drr mainstreaming in zambia. The strategy for the years 20152019 was formulated by the ministry of agriculture moa using a participatory approach in strategic planning under the framework of the eu funded agriculture and rural development. Since 2015, zambia has increased the availability of budget information by. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. Budget, i wish to emphasize that zambia is and will remain a christian nation whose values, principles and ethics in all aspects of life are anchored on our covenant with god. 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. It provides a comprehensive statement of the nations priorities. Thisplan is the successor to the fifth national development plan fndp, 2006 2010, the first in the series of mediumterm plans aimed at making zambia a prosperous middleincome country by 2030. Related with 2015 budget speech pdf zambia revenue authority. May 20, 2015 consideration of the staff report that concluded the article iv consultation with zambia. Felix mutati presented the 2018 national budget to parliament.
The major changes are to the mining tax regime where the minister. This page provides zambia unemployment rate actual values, historical data, forecast, chart, statistics. Accordingly, the zambian government has proposed a number. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. Budget deficits have continued as a result of tight liquidity conditions in the domestic market together with unfavourable global environment. This is an analysis of the 2015 national budget in a simplified manner to allow the reader understand the economic direction of the country. Agriculture, fishery and forestry, which account for 20 per cent of zambian gdp, shrunk by 2. The statistic shows zambias budget balance in relation to gdp between 2014 and 2017, with projections up until 2024. Curtailing spending as part of these austerity measures, hon. Zambia national disability survey 2015 unicef zambia.
It is expected that the national roadmap will be endorsed in 2019 following adoption of locationspecific action plans focusing on refugee education and selfreliance in 2020. Zambia before and after the changes introduced by the 2015 budget. 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. 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. Zambias risk of debt distress from high to moderate in the medium term. The ministry of finance is charged with the responsibility of economic management to foster sustainable national development. Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. The zambia national disability survey 2015 was initiated by the ministry of community development and social services mcdss, and implemented by the central statistical office cso and the university of zambia unza, in collaboration with sintef technology and society norway and unicef zambia. The budget process plays a role in clarifying these options, probing their costs and assessing implementation modalities.
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. The wage freeze is addresses as well as the mining tax regime changes. Pmrc collaborates directly with government, media, private sector, academia, civil society organizations and general citizenry in its work. Republic of zambia 20192021 medium term expenditure framework and 2019 budget green paper ministry of finance august, 2018. A positive value indicates a budget surplus, a negative value indicates a deficit. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. The minister of finance, honourable margaret mwanakatwe, in her maiden national budget presentation informed the nation that the 2019 budget was framed on building on the firm.
These values will always be mainstreamed in our policies and national development plans to guide our attitudes and aspirations. Yes, the tone has clearly been set for the 2015 budget, which is expected to be presented to parliament by finance minister alexander chikwanda on october 10, 2014. Zambia recorded a government budget deficit equal to 7. Sir, tight monetary policy also eased inflationary pressures in 2015. Sales revenue planbudget excel template user 3,883 view sales revenue planbudget excel template user guide 1,185 view decent work country profile zambia pdf 1 3 mb 1,796 view decent work country profile zambia pdf 1 3 mb 1,552 view. Zambia s risk of debt distress from high to moderate in the medium term. On 29 september 2017, zambias minister of finance, hon. Access both online and pdf versions of all ey global tax alerts. Pdf the 2015 zambia national budget analysis salim. Zambia is experiencing a large demographic shift and is one of the youngest countries globally by median age. Over the years, the budget has evolved from being a simple accounting tool to a planning and governance document upon which the. Speaker, in 2014, the treasury took measures to consolidate the fiscal.