ECONOMY TO GROW BY 6% IN 2025
Government has projected that the country’s economy will grow by a minimum of six percent in 2024.
Finance and National Planning Minister Situmbeko Musokotwane says this is owing to the various strategies Government has put in place to restore economic stability and the start of operations at most mines.
Dr. Musokotwane says the projected positive outlook for 2025 is also owing to the expectation that the country will this year record favourable rainfall to support agriculture and energy generation.
He said this during the Ministry of Finance and National Planning Mid-year Budget and Economic Performance Review in Lusaka, where he also distributed the financial report for 2023.
And Ministry of Finance Budget Office Assistant Director Percy Musona said despite the financial challenges the country has faced this year, the ministry will continue strengthening enforcement measures aimed at increasing tax compliance.
Meanwhile, Bank of Zambia Governor Denny Kalyalya called on stakeholders in the financial sector to participate in the consultation process of the de-dollarization.
And Zambia Revenue Authority –ZRA- Commissioner General, Dingani Banda said that the authority continues to put measures in place to strengthen tax revenue collection.
ZNBC
Comedy! Please get advise from experts before you say things you don’t understand or have no much knowledge about. Even if it rains this year it doesn’t mean lake Kariba will get full in 4 months, it doesn’t mean water levels in rivers will be full, it doesn’t mean there will be high water levels in the soil. It takes time for high levels to be achieved. It can take up to 5 years. And water and energy are not the only determinants of economic growth, there’s also fiscal discipline, levels of imports and exports, cost of doing business!