On 27 September 2024, Honourable Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, presented Zambia’s 2025 National Budget to the National Assembly. This budget comes at a critical time as Zambia faces severe climate change impacts, economic challenges, and ambitious growth targets amidst resource constraints. The country is dealing with a severe drought affecting its hydroelectric power-dependent energy sector, leading to a significant reduction in agricultural output and electricity generation. Additionally, Zambia is recovering from a sovereign debt default in 2020, the Covid-19 pandemic, a mining sector slump, and geopolitical conflicts.
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