Promise
Ensure fiscal expenditure rationalization, prudence and discipline
Promise History
Minister of Finance reaffirms commitment to fiscal discipline, as govt spends K15.8 billion on public finance in May, 2025
The government of Zambia, through the Minister of Finance, reaffirmed its commitment to fiscal discipline while spending K15.8 billion on public finance in May. The focus remains on maintaining prudent financial management to support economic stability and growth amid ongoing fiscal challenges.
Government Audit Uncovers Over 200,000 Ineligible Beneficiaries in Farmer Input Support Program
A government audit revealed over 200,000 ineligible individuals, including civil servants and formally employed people, benefited from the 2024/2025 Farmer Input Support Programme (FISP). Minister Mweetwa announced the findings in Lusaka, highlighting irregularities within the subsidy program.
The Food Reserve Agency sends Director and 5 others on forced leave as audits intensify.
Bloomberg reports Zambia as seeking resolution of over $80 million erroneous payment to China
“Zesco Ltd had been accumulating revenues from electricity sales in a securitized account from a power plant, Kafue Gorge Lower Power Station, that Chinese companies built and financed, and “unfortunately” transferred about $80 million from the account”, Secretary to the Treasury Felix Nkulukusa said.
Cabinet approves Concept Paper on the 2022 to 2024 budget
Cabinet approved Concept Paper on the 2022 to 2024 Medium Term Expenditure Framework -MTEF- and the 2022 National Budget.
Concept paper approved
Cabinet approved Concept Paper on the 2022 to 2024 Medium Term Expenditure Framework -MTEF- and the 2022 National Budget.
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