Zambia budget 2016 pdf

As the prebudget st atement for fy 2017 was not published on a go vernment website, this question was answered with na, per guidelines. Zambia is a vast land of untamed game parks, featuring scenic waterfalls, lakes, wetlands and rivers. Public and private funding of basic education in zambia. Zambia has successfully raised its average annual gross domestic product gdp growth rate since the early 2000s. Mutati, mp minister of finance delivered to the national assembly on friday, 11th november, 2016 1. Mr chitembo has the zambia diplom a in accountancy, 1977, in which he took the public accounting option now no longer available, a certificate urban. Zambia s constitution of 1991 with amendments through 2016. Country chapters from the minerals yearbook volume iii.

Accordingly, the zambian government has proposed a number. The ministry of finance derives its mandate from the constitution of zambia amendment act, 2016 part xvl. A promise renewed ministry of community development, ministry of health mother and child health april 20. Zambia was found to have achieved meaningful progress in implementing the eiti standard in october 2017. Update 3zambia hikes mining taxes in 2019 budget to rein. Sir, government remains grateful to all citizens, institutions and organisations who patriotically responded to the call to submit proposals for the 2016 budget. The 201617 budget inbrief ministry of finance and development planning website. An overview of zambia s economic and poverty situation introduction poverty is the most profound challenge that zambia faces today. Republic of zambia recommending favourable consideration of the motion that i now lay on the table, in accordance with the requirements of article 117 of the constitution, as amended. Expenditure is expected to increase by about 3 percentage points from the 2019 budget to 28. Bdo zambia budget 2016 6 vat removed on nonlife premiums and 3% levy introduced on all premiums 4. Sir, on 1st january 20, we successfully rebased the kwacha.

Zambias risk of debt distress from high to moderate in the medium term. Roadmap for accelerating reduction of maternal, newborn. On 9 october 2015, zambias minister of finance presented the budget for 2016 the budget to the parliament. The latest jctr 2001 monthly food basket survey shows that it is becoming more and more. The brief also notes that implementation of the 2016 budget has been characterized by weak commitment control and. Budget formulation and implementation in zambia studymoose.

The seventh national development plan 7ndp for the period 2017 2021 is the successor to the revised sixth national development plan, 20 2016 r. The wage freeze is addresses as well as the mining tax regime changes. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. Zambia recorded a government budget deficit equal to 7. Sir, to further improve the quality of health care and reduce referrals. Directors noted that zambias moderate risk of external debt distress calls for prudence in borrowing on commercial terms.

The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on. It also includes our initial comments and analysis of the budget proposals, which were presented by minister of finance, honourable felix c. The 2018 budget theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. Fiscal consolidation the minister noted that in light of challenging economic conditions fiscal consolidation to safeguard our past achievements and secure a prosperous future for all would be the theme of the 2016 budget. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. 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 2017 to 31st december 2017, presented to. Government has undertaken shortterm measures to address the problem, including importing emergency power from abroad, but admits that this is not a sustainable solution. The history of zambia is characterised by colonization, liberation, unrest and a return to stability. These valuable contributions made it possible to formulate the 2016 budget in a manner that. Rate reduced due to reduction of operating balance according to ic 61. Budget for 2016 details on 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. Felix mutati presented the 2018 national budget to parliament. Chikwanda, acknowledged that this year had been economically.

On 29 september 2017, zambia s minister of finance, hon. Oct 11, 2015 lusaka zambias government plans to almost halve the budget deficit next year, a target it may struggle to meet as it boosts spending by 14%. Details of the budget, which unless noted will apply from 1 january 2016, are summarized below. The world bank has partnered with zambia since 1955 to support the countrys development projects, including mining, infrastructure and health. Zambia plans to halve budget deficit in 2016 the standard. This page provides zambia government budget actual values, historical data, forecast, chart. Socioeconomic analysis of conservation agriculture in. 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. Commenting on the 2016 budget, deloitte said it is not clear from data provided in the 2016 budget speech whether government will reduce growth in consumption expenditure.

Bank of zambia, central statistics organisation source. The 2020 budget is premised on an ambitious revenue mobilization and financing framework. Public spending and economic growth in zambia an economic. Commenting on the 2016 budget, deloitte said it is not clear from data provided in the 2016 budget speech whether government will reduce growth in consumption expenditure, particularly whether it. Budget outturn 2017 economic indicators economic indicators source. 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.

Contents 2 2016 budget commentary 6 2016 sectoral impact 14. Compared to many other southern african countries, zambia has relatively abundant land and water. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. In recent years, zambia has aimed to expand provision of health services through the public sector. Reform to perform zambia s 2018 national budget september 2017 welcome.

Roadmap for accelerating reduction of maternal, newborn and. Zambia, africas secondlargest copper producer, achieved middleincome country status in 2011 during a decade 20042014 of impressive economic growth, averaging 7. Changes in the number of households practising ca in. It is based on the information available at the time it was completed on may 5, 2015. On 9 october 2015, zambia s minister of finance presented the budget for 2016 the budget to the parliament.

Between 2006 and 20, government health expenditure as a percentage of total health expenditure the increased from 38% to 58%. As a percentage of gdp, zambia s total public debt has. Republic of zambia 2018 budget address by the minister of. Zambia budget 2016 beat the odds 5 budget deficit to widen to 6. 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. The zambian national budget formulation and implementation process passes through four stages namely drafting,enactment or authorization,implementation and auditing. Box 50062 chimanga road, lusaka all correspondence should be addressed to the secretary to the treasury. Zambias public expenditure figures have grown by 349% from k9,042 million in 2007 to k40,640 million at year end in 2014 imf, 2015. The cash exchange exercise will continue until 31st december 2015 to enable all zambians. In fact, the inequality in public expenditure is dominated by the large share of private expenditures in overall educational spending. The firm is one of the longestestablished auditing, advisory and tax firms in the region offering an unrivalled pool of specialists in. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. Dfid and gpe funded zambia education sector budget.

Seventh national development plan 20172021 i foreword zambia remains committed to the socioeconomic development planning of the country as reflected by the return to development planning in 2005. The 2016 national budget was presented by the honourable. Key budget documents zambia budget document full title fiscal year the budget document refers to date of publication pre budget statement 2014 2016 medium term expenditure framework and the 2014 budget green paper 2014 august 20 executives budget proposal ebp 2014 budget address by hon. Recognizing the need to address infrastructure gaps, they. Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. A constitutional referendum was held alongside the elections, with proposals to amend the bill of rights and article 79 president edgar lungu, previously elected in january 2015 to finish the term of michael sata, who died in office, was reelected to a full fiveyear term when.

Agriculture, fishery and forestry, which account for 20 per cent of zambian gdp, shrunk by 2. As i begin this budget speech, i wish to pay tribute to the late john mupanga mwanakatwe, sc, a distinguished lawyer and former minister of finance. Details of the budget, which unless otherwise indicated will apply from 1 january 2016, are summarized below. Curtailing spending as part of these austerity measures, hon. According to the 20 demographic and health survey dhs released on. It is a social crisis with the majority of people denied a minimum decent living standard. In his 2016 budget address, minister of finance, the hon. Reform to perform zambias 2018 national budget september 2017 welcome this pwc budget bulletin summarises the governments key proposals for 2018. Bank of zambia and central statistics office source. As at 30th september, 20, the bank of zambia had withdrawn k3. Zambia will introduce new mining duties and increase royalties to help bring down mounting debt, the finance minister said on friday, a move likely to. General elections were held in zambia on 11 august 2016 to elect the president and national assembly. Weathering the storm zambia s 2016 national budget pwc analysis and outlook commentary mining sector and on the economy as a whole.

Zambia s first validation against the 2016 standard started on 1 january 2017. During discussions on the study the governors observed that poor coordination between fiscal and. The ministry of finance is charged with the responsibility of economic management to foster sustainable national. Zambia s public expenditure figures have grown by 349% from k9,042 million in 2007 to k40,640 million at year end in 2014 imf, 2015. Zambia s risk of debt distress from high to moderate in the medium term. 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. Budget support was especially effective in sectors and situations where there was. Pdf 2015 zambia budget analysis kampamba shula academia. Farm enterprise budget analyses for conservation agriculture ca and conventional draft cd tillage practices for zimbabwe 35 list of figures figure 1. 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. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th october 2016. 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.

This has also affected budget implementation in 2016. A promise renewed ministry of community development, ministry of. It is also guided by statutory and portfolio functions stipulated in the government gazette notice no. Biology grade 1012 pdf zambia grade 8 computer studies notes in zambia grade 12 results 2016 2019 zambia download zambia civic education grade 1012 pdf social studies zambia grade 9 textbook pdf social studies grade. The aim of this budget brief is to improve awareness and. External resources contributed heavily and have remained. 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.

Review of 2016 social sector budget allocations unite for children. I have endovoured to labour on the problems the minister of finance encounters in the formulation and implementation of the budgeting process. Open budget survey 2017 international budget partnership. As a percentage of gdp, zambias total public debt has. Zambias constitution of 1991 with amendments through 2016. Zambia has strong growth potential, but lingering vulnerabilities pose risks to the outlook. This act may be cited as the constitution of zambia amendment act, 2015, and shall be read as one with the constitution of zambia, in thisact referred to as the constitution. This report is the ninth eiti report, covering the period from 1 january to 31 december 2016. Zambia country operational plan cop 2016 strategic.