Zambia national budget 2014 pdf

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. Compared to many other southern african countries, zambia has relatively abundant land and water. However, this has not happened at a level where a substantial reduction. 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. Chikwanda, mp minister of finance, delivered to the national assembly on friday. 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. This statistic shows the inflation rate in zambia up until 2024. The countries are ranked by their budget revenues in fiscal. Lets support our government in implementation of the same budget. Building on last years theme, the 2014 budget reflects the governments intention to consolidate growth and. Zambia has successfully raised its average annual gross domestic product gdp growth rate since the early 2000s.

Though government health spending has been growing in both nominal and real. I am asking for consent to table the following documents. The deficit in output relative to demand hit a high of 1,000 mw in 2015, declining. I have the honour of tabling our governments budget for fiscal year 202014, the budget that restores balance. The 2020 budget theme focusing national priorities towards stimulating the domestic economy is clearly aimed at dealing with zambia s declining economic performance. The 2016 national budget was presented by the honourable. Zambia recorded a government budget deficit equal to 7. National steering committee from august 20 to april 2014. The 2020 budget theme focusing national priorities towards stimulating the domestic economy is clearly aimed at dealing with zambias declining economic performance. This page provides zambia government budget actual values, historical data, forecast, chart. A comparison of prevailing royalty rates in 2014 shows that, at 6 percent, zambias royalty. The 2009 amount represents about 8% of tax revenue while the 2014 amount. Mutati mp, minister of finance delivered to the national assembly on 11th november 2016. Forced to leave commercial farming and displacement in zambia oct.

Zambia national gender profile of agriculture and rural livelihoods. Zambia country operational plan cop 2016 strategic. National development plan which was released in june 2017. The firm is one of the longestestablished auditing, advisory and tax firms in the region offering an unrivalled pool of specialists in. 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. Central statistical office, ministry of health, and icf international. Zambia host mozambique in opening 2019 group k qualifiers zambia must qualify for afcon 2019kilambe zambias 2018 and 2019 opponnets. 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 wage freeze is addresses as well as the mining tax regime changes. Zambia s risk of debt distress from high to moderate in the medium term. On present trends, the deficit on the current account of the balance of payments will widen from 3. Status in employment among those working in agriculture, forestry and fishing 22.

Click here to download the complete set of the 201415 budget for offline reading. Great work by the way from the zambia revenue authority who have also got it on their website in record time. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. This situation has improved but soes continue to perform poorly. Madam speaker, the preparation of the budget proposals for the 20162017 financial year was guided by priorities, as presented in the 20162017 budget strategy paper. In the past, soes in zambia were unprofitable and a significant drain on the national budget. I have endovoured to labour on the problems the minister of finance encounters in the formulation and implementation of the budgeting process. But as always, i thought it was more important getting it across to you speedily. Ministry of health moh zambia, and icf international.

The zambian national budget formulation and implementation process passes through four stages namely drafting,enactment or authorization,implementation and auditing. Between 2011 and 2014, zambia experienced strong economic growth at a rate of c. 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, 2015 to. Zambia country operational plan cop 2016 strategic direction summary april 14, 2016. It is an overwhelming budget for zambian 2012 national budget. 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. 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. The main features are discussed with emphasis on the implications for the fiscal and growth strategy given the developmental challenges in the context of botswana.

A positive value indicates a budget surplus, a negative value indicates a. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. Appendix b budget profile and resource projections. Figure 2 shows that the growth in the health budget red area has not kept pace with the growth in the overall budget blue area. The statistic shows zambias budget balance in relation to gdp between 2014 and 2017, with projections up until 2024. The budget briefing note provides an assessment of the 201415 national botswana budget allocations presented to the parliament. Agriculture, fishery and forestry, which account for 20 per cent of zambian gdp, shrunk by 2. Budget formulation and implementation in zambia free essay. Zambias risk of debt distress from high to moderate in the medium term. 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. This was mainly attributed to a poor harvest in the 20142015 farming season. 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. Domestic public debt increased from 12 percent of gdp in 2011 to 17 percent of gdp in 2014. In 2018, the inflation rate in zambia amounted to about 7 percent compared to the previous year.

Curtailing spending as part of these austerity measures, hon. Contents 2 2016 budget commentary 6 2016 sectoral impact 14. Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. Finance minister alexander chikwanda delivered the budget statement 2014 today. These include increasing the revenue base to drive sustained inclusive growth and reduce the national debt burden. This implies that civic or citizen engagement is an. Ministry of gender, children and social protection national gender policy, 2015 2 preface the national gender policyaims atmainstreaming gender, womens empowerment and social protection concerns into national development processes for equitable livelihood for women and men, boys and girls. 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. These priorities were discussed extensively during the budget dipitso held with relevant stakeholders late last year.

Vicepresident guy scott with finance minister alexander chikwanda before a meeting at state house on july 14,2014 picture by thomas nsama. Figure 2 health budget comparison to national budget 2014 201617 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 total budget health budget 2014 201415 201516 201617 mk. There is little information available about the financial performance and fiscal drain of soes, but anecdotal evidence continues to raise concerns. Zambias total public debt has also increased rapidly, mainly reflecting the evolution of the ppg external debt of the central government. Zambia budget document full title fiscal year the budget document refers to date of publication prebudget statement 20142016 medium term expenditure framework and the 2014 budget green paper 2014 august 20 executives budget proposal ebp 2014 budget address by hon. The list is mainly based on cia world factbook for the year 2016 and 2019. Based on the zambia national farmers union znfus preliminary postharvest assessment. Speaker, zambias domestic debt including arrears as at endseptember 2014 stood at k21.