Overview
On June 21, 2024, Dr. Situmbeko Musokotwane, the Minister of Finance and National Planning, presented a supplementary budget of K41.9 billion to Parliament. This budget adjustment comes on the heels of the initial K177.9 billion budget for 2024, which the Minister outlined with key macroeconomic goals in mind. These goals included achieving a real GDP growth of 4.8%, reducing inflation to a target range of 6-8%, maintaining international reserves at a level equivalent to 3 months of import cover, increasing domestic revenue to represent 22% of GDP, narrowing the fiscal deficit to 4.8% of GDP, and capping domestic borrowing at a maximum of 2.5% of GDP.
PwC Zambia 2024 Illustrative Budget Analysis
We have heard your feedback about the complexity of some of the matters published in the Budget report and so we have decided, for the first time, to present answers to the frequently questions we've received in a simpler form.
Explore the full PwC Zambia 2024 Illustrative Budget Analysis here
