2016 zambia national budget pdf

Zambia budget 2016 beat the odds 7 it is not clear from data provided in the 2016 budget speech whether government will reduce growth in consumption expenditure, particularly whether it intends to limit growth in the public sector wage bill salaries and wages, as advised by rating agencies and the imf. 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 2014 to. 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. Unicef zambia s comprehensive approach to strengthening national capacity contributed. The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on. Chinamasa, mp minister of finance and economic development distributed by eritas 1 email. Pdf 2015 zambia budget analysis kampamba shula academia. Sir, i am a bearer of a message from his excellency, dr. Budget for 2016 details on 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. Unicef zambias comprehensive approach to strengthening national capacity contributed. Details of the budget, which unless noted will apply from 1 january 2016, are summarized below. General elections were held in zambia on 11 august 2016 to elect the president and national assembly. The bank of zambia issued directives to remove unwarranted bank charges and fees.

Building resilience and unlocking potential zambia s 2017 national budget pwc analysis and outlook the economy overall global economic activity when compared to 2015. Nov 26, 2015 zimbabwe 2016 national budget statement here but for those just looking for the tech bit, heres an extract pf the technology section. However, concerns with respect to the transport and distribution of the ballot papers then arose. Box 50062 chimanga road, lusaka all correspondence should be addressed to the secretary to the treasury. 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 ministry on commerce, trade and industry has developed an industrial policy to support and accelerate industrialisation in zambia in line with other countries in the comesa bloc. Delivered to the national assembly on friday, 29th september, 2017. This page provides zambia government budget actual values, historical data, forecast, chart, statistics, economic calendar and news.

The briefs were widely circulated and helped to inform economic reform programme discussions. The wage freeze is addresses as well as the mining tax regime changes. Zambias risk of debt distress from high to moderate in the medium term. Zambia country operational plan cop 2016 strategic. It also includes our initial comments and analysis of the budget proposals, which were presented by minister of finance, honourable felix c. In line with the seventh national development plan, the 2019 budget seeks to. The so called national budget under pf has no direct benefit to an ordinary zambian coz. These plans include key changes in the way government will raise and spend money. 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, 2016 to. The budget plays a central role in transformation by promoting redistribution and directing scarce resources towards catalytic investments in human and physical capital.

Zambia s risk of debt distress from high to moderate in the medium term. 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, 2016 to 31st december, 2016, presented to the national assembly in october, 2015. A constitutional referendum was held alongside the elections, with proposals to amend the bill of rights and article 79. Communications directorate national treasury private bag x115 pretoria 0001 south africa tel. To obtain additional copies of this document, please contact. Edgar chagwa lungu, president of the republic of zambia, recommending favourable consideration of the motion that i now lay on the table. The zimbabwe 2016 national budget statement download. The minister of finance on 11th november, 2016 presented the national budget to the national assembly. Sir, on 1st january 20, we successfully rebased the kwacha. United nations adopted the sustainable development goals sdgs in september 2015.

The national annual budget is a document containing various government activities or work programmes expressed in monetary form. Zambias economy in 2017 continued to bounce back from the storm of 20152016 supported by stable and reliable energy supply on account of good rainfall and. Sir, the zambian economy in 2017 has continued to rebound. The balance will be financed by domestic and foreign financing including grants. 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. Commentary mining sector and on the economy as a whole.

Pwc 1 commentary a year ago following successful transition to power, the new government announced that it would make zambia a better place for all. Roadmap for accelerating reduction of maternal, newborn. The 2016 national budget set an ambitious target for nontax revenue. Health allocation as a total of budget has reduced from 9. Madam speaker, the preparation of the budget proposals for the 2016 2017 financial year was guided by priorities, as presented in the 2016 2017 budget strategy paper. These include increasing the revenue base to drive sustained inclusive growth and reduce the national debt burden. In 2016 unicef zambia released the first of a series of annual social sector budget briefs. The cash exchange exercise will continue until 31st december 2015 to enable all zambians. Curtailing spending as part of these austerity measures, hon. Budget support was especially effective in sectors and situations where there.

In an effort to actualize the second pillar of zambias economic recovery programme, government increased funding to social protection to about 2. Country chapters from the minerals yearbook volume iii. Nancy siame, lusaka the ministry of finance mof has started preparations for the 2016 national budget and the 2016 2018 medium term expenditure framework. Roadmap for accelerating reduction of maternal, newborn and. In line with the seventh national development plan 7ndp, the 20192021 mtef aims at accelerating development efforts towards vision 2030 without leaving anyone behind.

The printing was completed on 20 july 2016 and the ballots were transported to zambia on 28 july 2016. Part i gives an overview of the global developments and their impact on the domestic economy. The 2020 national budget aims, in the face of the catalogued challenges. But the budget depends on the economy to generate the resources to finance these investments, and south africa has had several years of very low growth. Key thematic areas for 2016 17 budget investing in infrastructure development. Zambia develops policy to accelerate industrialisation. Ngandu, in his maiden budget presentation informed the nation that the 2020 budget would continue to propagate the objectives of the seventh national. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th. Speaker, as this is my first budget address to this august house, it.

Details of the budget, which unless otherwise indicated will apply from 1 january 2016, are summarized below. The following are the key areas of focus in the budget. These will be aligned with national priorities during the preparation of ndp 11. Zambias constitution of 1991 with amendments through 2016. 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. The theme for this years budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all t he october 2015 zambia budget address for the year 1 january 2016 to 31 december 2016 was delivered to the national assembly by the minister of finance and national planning. A promise renewed ministry of community development, ministry of health mother and child health. Republic of zambia 2018 budget address national assembly. Sir, to further improve the quality of health care and reduce referrals. The firm is one of the longestestablished auditing, advisory and tax firms in the region offering an unrivalled pool of specialists in.

Appendix b budget profile and resource projections. In zambia the growth in public expenditure has become a topical issue in the light of escalating debt levels and widening budget deficit. In addition to the sudden death of the former president, his excellency michael sata, last october, shortly. A budget of hard choices with a commitment to scale up a social safety net programme. This represents 18 per cent of extremely poor zambians. Zambia country operational plan cop 2016 strategic direction summary april 14, 2016. The 2020 national budget aims, in the face of the catalogued challenges that the country is going through, to stimulate the domestic economy. These priorities were discussed extensively during the budget dipitso held with relevant stakeholders late last year. What problems would the minister of finance encounter in the process of budget formulation and implementation in zambia. Citizens are, therefore, encouraged to read this booklet, which has. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. Republic of zambia 2018 budget address by the minister of.

Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. Some of this information is unaudited or subject to revision. Reform to perform zambia s 2018 national budget september 2017 welcome this pwc budget bulletin summarises the governments key proposals for 2018. 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 mineral industry of zambia, 2016 pdf detailed description. Zambia, national savings and credit bank and empowerment agencies to. The countrys trade deficit has also widened over the year on account of reduced exports earnings from the mining sector. Mr speaker sir, i am, therefore, counting on the unwavering commitment and support of all stakeholders colleague ministers, honourable members, private sector players, labour, civil society. 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. Tax rates 2016 corporation tax rates 2016 2015 mining 30% 30% variable profits tax where income exceeds 8% of gross sales up to 15% up to 15% income from tolling and metal processing 35% 35% manufacturing and trading 35% 35% farming business 10% 10% banking profits 35% 35% profits from production of chemical fertilizers 15% 15%. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Indaba agricultural policy research institute, lusaka, zambia. This green paper provides an opportunity for government to consult stakeholders on the course of action with regard to zambia s development agenda. A promise renewed ministry of community development, ministry of health mother and child health april 20. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. The proposed fiscal framework presents a partially financed spending through a budget deficit of 3. The 2017 national budget statement pushing production frontiers across all sectors of the economy presented to the parliament of zimbabwe on 8 december, 2016 by hon. 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.

Energy sector capital allowances capital allowances for implements, machinery and plant used in the generation. Pepfar zambia expects to reach great heights in fy17. Mr speaker sir, our interventions in agriculture for the coming season take account of metrological services weather forecasts for the 2015 2016 farming season of normal to below normal rains, with likelihood of late start to the season, coupled with a short rainfall season over december to februarymarch 2016. On 9 october 2015, zambias minister of finance presented the budget for 2016 the budget to the parliament.

The national budget contains the plans that government is proposing to carry out in 2017. 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. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th october 2016. Contents 2 2016 budget commentary 6 2016 sectoral impact 14. The so called national budget under pf has no direct benefit to an ordinary zambian coz it has no positive impact on. 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. As at 30th september, 20, the bank of zambia had withdrawn k3. In 2016, government will further recapitalise the development bank of. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. The zambian air force were responsible for distributing the. 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.

Security personnel in a number of african countries are aggressively implementing lockdown and curfew measures announced by their respective presidents. Zimbabwe 2016 national budget statement here but for those just looking for the tech bit, heres an extract pf the technology section. The 201718 budget remains committed to fiscal consolidation and prudent borrowing policy to keep the level of debt sustainable. With the achievement of cop 16 targets, national and pepfar data indicate we will reach epidemic control in 23 scaleup districts and 16 sustained districts by the end of fy 2017, representing 77% national art coverage.