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CONSISTENCY VITAL FOR SUCCESSFUL BUDGET IMPLEMENTATION, PMRC SAYS

Policy Monitoring and Research Centre (PMRC) says successful implementation of the 2022
budget will require consistency in the demonstrated goodwill towards budget execution.
In a statement released to the media, outgoing PMRC Executive Director Bernadette Deka Zulu
a statement that implementation of the financial plan will also need Government to expedite
domestic resource mobilization, engage cooperating and development partners for supplementary
funding to key economic sectors such as Agriculture and Tourism.

Mrs. Zulu noted that next year’s budget presents an opportunity for economic transformation,
while restoring growth and development in the economy.

“It has also demonstrated amplified efforts towards reducing developmental inequalities by
increasing the Constituency Development Fund (CDF) from K1.6 million to K25.7 million per
constituency, which entails the taking of resources to the grassroots, which is very
commendable.”

“However for this to be achieved, it will require a paradigm shift in the mind-set of all
stakeholders, in order to deliver development through economic growth, job creation and good
governance,” Mrs. Zulu said.

She observed that the budget was delivered in an environment characterized by
anxiety and high expectations.

“It is a budget set to put into motion the plans and aspiration of the New Dawn Government to
lift the economy out of the pandemic induced slump, resolve the fiscal deficit and ease the debt
burden,” she stated.

On October 29, 2021, Minister of Finance and National Planning Dr. Situmbeko Musokotwane
unveiled a K172.9 billion national budget for 2022, under the theme ‘Growth, Jobs and Taking
Development Closer to the People.’

Source: MoneyFM Zambia

Written by Joseph

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