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. 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 2015 budget for the ministry of education, science, vocational training and early education mesvtee is estimated at k9. Pdf the 2015 zambia national budget analysis salim kaunda. However, the government of zambia has been inconsistent in which documents are made publicly available in a given year, and therefore only restored its obi score to its previous level.
It is on account of these challenges that the 2015 budget deficit is expected to widen to. 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 is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. Speaker, zambias domestic debt including arrears as at endseptember 2014 stood at k21. Zambia s population density of 17 people per square kilometer is much below what is. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. 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. In addition to improving budget execution, this will give added meaning to parliaments paramount role. The total land area of the country is 752,618 square kilometers, and the population is estimated to be 12. This landmark decision will ensure that the budget is implemented over a full twelvemonth period.
Budget for 2016 details on 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. This is the reason even the 2015 inflation projections were revised upwards to 7%. Zambia budget 2016 beat the odds 9 taxation changes prebudget tax changes the income tax amendment act no.
Lusaka, december 07, 2016 amid tough global conditions and domestic challenges, zambia continued to face slower growth in 2016, according to the latest world bank economic brief. The wage freeze is addresses as well as the mining tax regime changes. The measure is intended to widen the tax base by preventing double nontaxation of income from international carriage where zambia the resident state does not tax such income and the other state, which is. Zambia is a landlocked country in southern africa, surrounded by eight countries. It provides a comprehensive statement of the nations priorities. Objectives of budget preparation during budget preparation, tradeoffs and prioritization among programs must be made to ensure that the budget fits government policies and priorities. Pdf the 2015 zambia national budget analysis salim. Minister radebe recently released the latest development indicators report. Gpa331 1 explain the budget process in zambia the budget. In our 2015 country operational plan cop, pepfar zambia aligned its resources to implement its programs in 23 scaleup districts1 and 46 sustained districts, serving more than 80% of all hiv positive persons in zambia. Sales revenue plan budget excel template user 3,883 view sales revenue plan budget 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. Manual returns relating to paye and turnover tax to be filed on the 5th of the month.
It seeks to allocate resources systematically and fairly. This national health strategic plan nhsp 2011 2015 is the fifth in the series of the strategic. A manual for local government financial management in zambia. Zambia is dedicated to improving sustainable access to family planning and achieving the goals it set out in 2012, specifically to increase the modern contraceptive prevalence rate among married women to 58% by 2020. Health allocation as a total of budget has reduced from 9. Shi social health insurance shi national health strategic plan 2011 2015. 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. 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. Related with 2015 budget speech pdf zambia revenue authority. Sir, on 1st january 20, we successfully rebased the kwacha.
Getting back onto the path of deficit reduction will require considerable discipline and dedication, particularly given the likely pressures to increase spending in an. Pmrc collaborates directly with government, media, private sector, academia, civil society organizations and general citizenry in its work. 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. Zambia is expected to continue experiencing significant population. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. The cash exchange exercise will continue until 31st december 2015. 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 its countrys key budget documents i. Curtailing spending as part of these austerity measures, hon. Over the years, the budget has evolved from being a simple accounting tool to a planning and governance document upon which the success or failure of. In addition to the sudden death of the former president, his excellency michael sata, last october, shortly.
On 29 september 2017, zambia s minister of finance, hon. Zambia national disability survey 2015 unicef zambia. This means that average inflation for 2010 will be bewteen 8 and 12. Ministry of finance yellow book for the 2019 budget. Details of the budget, which unless otherwise indicated will apply from 1 january 2016, are summarized below. The analysis, using the fari model, employs three key indicators. Accordingly, the zambian government has proposed a number. Moreover, zambia has been inconsistent in which documents are made publicly available in any given year. The following are the key areas of focus in the budget. An evaluation of budget support in zambia 7 7 levels and composition of public spending 118 7. The zambian agriculture sector comprises crops, livestock and fisheries. 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.
Zambias risk of debt distress from high to moderate in the medium term. Pdf 2015 zambia budget analysis kampamba shula academia. 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. As at 30th september, 20, the bank of zambia had withdrawn k3. Vicepresident guy scott with finance minister alexander chikwanda before a meeting at state house on july 14,2014 picture by thomas nsama. It is on account of these challenges that the 2015 budget deficit is expected to widen to 6. The 2019 budget will seek to gradually condense the fiscal deficit, maintain a sustainable debt position and safeguard the vulnerable in society. 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. This page provides zambia government budget actual values, historical data, forecast, chart. However, zambia has decreased the availability of budget information by. The balance will be financed by domestic and foreign financing including grants. The theme of the 2015 budget is celebrating our golden jubilee as one zambia one nation by making economic independence a reality for all.
At that time, zambia s external debt stood at usd7 billion, while its domestic debt was around usd1. The cash exchange exercise will continue until 31st december 2015 to enable all zambians. Zambia is experiencing a large demographic shift and is one of the youngest countries globally by median age. Agriculture, fishery and forestry, which account for 20 per cent of zambian gdp, shrunk by 2. Changes to the mining fiscal regime in the 2015 budget. Contents 2 2016 budget commentary 6 2016 sectoral impact 14. Box 50062 chimanga road, lusaka all correspondence should be addressed to the secretary to the treasury. The budget is focused on consolidating gains made in the past year of promoting fiscal fitness. However, the big challenge remains with ensuring a shift to fiscal sustainability. In the 2014 budget zambia estimated and inflation rate of 6. The sixth national development plan sndp, which covers the period 2011 2015, charts an ambitious path to transform the lives of zambians.
The budget deficit is estimated to close at the targeted 6. Detailed discussion return filing the budget includes the following requirements regarding return filing. The bank of zambia issued directives to remove unwarranted bank charges and fees. Zambia budget 2016 beat the odds 9 taxation changes pre budget tax changes the income tax amendment act no. Zambia before and after the changes introduced by the 2015 budget. Nov 24, 2015 related with 2015 budget speech pdf zambia revenue authority. Zambia recorded a government budget deficit equal to 7.
Next, the most costeffective variants must be selected. The measure is intended to widen the tax base by preventing double nontaxation of income from international carriage where zambia the resident state does. These include the fall in copper prices, the depreciation of the kwacha, higher interest payments and the need to clear arrears for fuel and crop purchases. 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. Nonetheless, funding for hiv accounts for a full 20% of the grz health. Sir, budget implementation in 2015 continues to face a number of challenges. Zambia implements the source rule regime for taxation of income. 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. Training in local government financial management in zambia. The speech indicates that the endyear target is 8 percent in 2010, and 12 percent in 2009. Budget support was especially effective in sectors and situations where there was strong government. Dsbl drug supply budget line edl essential drugs list eht environmental health technician national. Republic of zambia 20192021 medium term expenditure framework and 2019 budget green paper ministry of finance august, 2018. Despite this, zambias gross domestic product gdp is expected to grow more than 6.
An analysis of the government of the republic of zambia s 2015 budget, endorsed by parliament, reveals the threat of wideranging, unintended ramifications for the countrys mining industry, including the suspension of certain mining operations. The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on 26 november, 2015 by hon. Zambia is a landlocked country, but thanks to its numerous rivers, lakes and underground water resources, the country concentrates 40% of southern and central africas water resources on its own. Weathering the storm zambias 2016 national budget pwc analysis and outlook commentary turbulent times it has been a testing 12 months for government in what may in retrospect be described as an annus horribilis for zambia. 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. Budget documents over time zambias score of 39 on the 2015 open budget index is substantially higher than its score in 2012. This is an analysis of the 2015 national budget in a simplified manner to allow the reader understand the economic direction of the country.
On 29 september 2017, zambias minister of finance, hon. The changes are proposed for the income tax year 2015 and would take effect as of 1 january 2015. Further, the budget is only marginally lower than inflation. Explain the budget process in zambia the budget is the most important economic policy tool for macroeconomic management and resource allocation for any government. In line with the seventh national development plan, the 2019 budget.
Zambia country operational plan cop 2016 strategic. 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. Together, this brings zambia s total debt burden to around usd17. 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. Between 2015 and 2016, zambia s national budget has grown in absolute terms by zmw 6. The 2015 budget did not address the 2014 inflation targets which according to our current trajectory zambia will not be able to meet. Zambian mining sector expresses serious concerns with the. Felix mutati presented the 2018 national budget to parliament. May 20, 2015 consideration of the staff report that concluded the article iv consultation with zambia.
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