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Wednesday, February 8, 2023
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HomeNewsGovernment pleased with 2022 budget performance

Government pleased with 2022 budget performance

Government is pleased with the positive performance of the 2022 budget, which has seen the sustained financing of social sectors and installation of over 41,000 new employees on the public service payroll.

Finance and National Planning Minister SITUMBEKO MUSOKOTWANE says the budget has also been able to meet several budget obligations for the current year.

The Minister was speaking in reference to the November, 2022 budget expenditure whereby 10.8-billion Kwacha was released to finance public service delivery.

He says 2.9 billion Kwacha of the amount released was spent on servicing domestic and external debts and other liabilities while 3.3 billion Kwacha was released towards the public service wage bill.

The Farmer Input Support Programme -FISP- for the 2022-2023 farming season got 1.7 billion Kwacha while implementation of various developmental projects got 867.3 million Kwacha.

Various sectors received allocations including the Local Government Equalization Fund operations of public universities and the Zambia Revenue Authority to support operations and resource mobilization among others.

Dr. MUSOKOTWANE has since called on relevant Ministries and agencies to ensure that funds are absorbed and utilised on budgeted programmes.

The Minister of Finance will host a Symposium on the 2022 Budget and Economic Affairs Performance Review, on Thursday, 5th January, 2023.

This is contained in a statement availed to ZNBC News, in Lusaka.

SourceZNBC
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