2013 budget speech zambia pdf

Budget speech 4 20142015 our efforts are starting to pay off, and our economic growth is improving. Statements published on the zambian economist do not represent the views or policies of employers, friends, family, past or present, or anyone i may or may not be associated with. Financial forecast for the coming year, we are forecasting an economic growth of around 1. The journey will certainly not be easy or uncontested with. Cancellation of the increase in the price of heritage electricity continuing in the vein of help for families, we are giving them relief from a substantial increase in electricity. The cash exchange exercise will continue until 31st. Republic of botswana 2015 budget speech by honourable o. Further, the budget is only marginally lower than inflation.

In part two, i will present the macroeconomic objectives. Budget support was especially effective in sectors and situations where there was. Minister of finance and national planning delivered to the national assembly on friday, 1st march 2002 opening remarks 1. In line with this, the 20 budget outlines the following macroeconomic. Bank extension project, which is ontrack to commence operations in 20. Budget, i wish to emphasize that zambia is and will remain a christian nation whose values, principles and ethics in all aspects of life are anchored on our covenant with god.

Republic of zambia recommending favourable consideration of the motion that i now lay on the table, in accordance with the requirements of article 117 of the constitution, as amended. Minister of finance alexander chikwanda today announced a k32. 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. The aim is to set zambia on a path of sustainable growth and ensure equitable distribution of the tangible benefits of the country. These valuable contributions made it possible to formulate the 2016 budget in a manner that. Zambia will for the first time implement the national health insurance. Matambo minister of finance and development planning delivered to the national assembly on 2nd february 2015 website. As at 30th september, 20, the bank of zambia had withdrawn k3.

Parliament of the kingdom of lesotho pursuing fiscal sustainability within the context of political instability and insecurity budget speech to parliament for the 20172018 fiscal year by honourable dr. Our budget for fy2012 is expected to have a surplus exceeding what we had estimated a year ago. County executive budget presentation on the fy 2019 advertised budget plan. Mr deputy speaker, this is a budget for people who aspire to work hard and get on. Mutati mp, minister of finance delivered to the national assembly on 11th november 2016. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to. Residents are taxed on domesticsource income and certain types of foreign income. An evaluation of budget support in zambia 7 7 levels and composition of public spending 118 7. As at the end of 2014 financial year, the province spent r16. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software.

Sir, government remains grateful to all citizens, institutions and organisations who patriotically responded to the call to submit proposals for the 2016 budget. The zambian economist is a private website produced and maintained in my own time, and reflects solely my personal opinions. Oct 12, 2012 minister of finance alexander chikwanda today announced a k32. Singapore budget 20 budget speech economic performance. Mdm speaker, i beg to move, that parliament approve the financial policy of the government for the financial year 1st april 20 to 31st march 2014. Budget speech 6 202014 as a reminder, all the measures contained in this budget are explained in detail in the budget plan, an integral part of this budget. Mutati, mp accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. Speaker, allow me now to provide an outline of my budget presentation. Zambia is a landlocked country, but thanks to its numerous rivers, lakes and underground water resources, the country concentrates 40% of southern and central africas water resources on its own.

Speaker, with this vision in mind, my task today is to propose a budget for 20 that will set zambia on this trajectory to sustainable and inclusive growth, with. Budget 2014 2 budget 2014 26 february 2014 the minister of finance, mr pravin gordhan, today announced a revised consolidated net tax revenue estimate for 20142015 of r997,7 billion and a slightly reduced budget deficit over the 20 min budget. Click here to download the complete set of the 201415 budget for offline reading. In addition to the sudden death of the former president, his excellency. The institute sees the improvement of rural livelihoods as the key to achieving broadbased poverty reduction in zambia. O the october 20 zambia budget address for the year 1st january, 2014 to 31st december, 2014 was delivered to the national assembly by the minister of finance and national planning, honorable alexander b. I am pleased to announce that real gdp growth was instead 1. President uhuru kenyatta took office in 20, there were numerous constraints to economic growth. Health budget brief the health sector received a budget of mk103 billion for the 201617 financial year, amounting to approximately 9% of the total budget.

Thus, the 20 national budget must play its part in prioritising the development aspirations of the people of zimbabwe, clearly articulated during this years nationwide budget consultative meetings, as well as in previous ones. The availability of budget documents contains a series of four tables that allow the researcher to examine and map. This year, together with this budget speech we shall be issuing for the first time a publication that explains the budget in further detail. It is based on the information available at the time it was completed on may 5, 2015. What problems would the minister of finance encounter in the process of budget formulation and implementation in zambia. This is the fourth yukon government budget to exceed the 1 billion dollar threshold. In november 20, we had forecast real gdp growth of 0. Zambias risk of debt distress from high to moderate in the medium term. Mutati, mp minister of finance delivered to the national assembly on friday, 11th november, 2016 1. Oct 09, 2009 further, the budget is only marginally lower than inflation. As i begin this budget speech, i wish to pay tribute to the late john mupanga mwanakatwe, sc, a distinguished lawyer and former minister of finance. Viewing of documents below requires adober reader which can be downloaded at in case you have problem showing all the. The upward change was driven by an increase in the budget for.

Minister of finance maseru, lesotho 19th july 2017. Budget speech 6 20 2014 as a reminder, all the measures contained in this budget are explained in detail in the budget plan, an integral part of this budget. 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. The availability of budget documents contains a series of four. Thahane minister of finance and development planning maseru lesotho 18january, 2012. The minister stresses that this will be achieved by building self reliant people able to sustainably generate money for their own pockets. Oct 12, 2012 the zambian economist is a private website produced and maintained in my own time, and reflects solely my personal opinions. After underperforming for years as a result of the 20 sequester, in 2017 the.

According to the world economic forums 20142015 the global competitiveness, zambia is the 8 th most competitive economy in subsaharan africa, out of 33 economies analysed. Nonresidents are usually taxed on zambiansourced income and are. The 2019 budget will seek to gradually condense the fiscal deficit, maintain a sustainable debt position and safeguard the vulnerable in society. Its a budget for people who realise there are no easy answers to. This constitutes a nominal increase of 27% and a real increase of 4%, from the previous year. The national annual budget is a document containing various government activities or work programmes expressed in monetary form. Mister president, you have given us a clear and historic challenge to write a new story about south africa the story of how, working together, we drove back unemployment and reduced economic inequality and poverty. Speaker, as a country we have come a long way since 20. Curtailing spending as part of these austerity measures, hon. Sir, on 1st january 20, we successfully rebased the kwacha. This budget is computed on this relatively conservative forecast. Consistent with the sustainable longterm growth of the economy, and also closely aligned to inflation levels in major trading partner countries, the prospects for low inflation remain positive for 2014.

In my last budget address, i promised to reposition the zambian. These values will always be mainstreamed in our policies and national development plans to guide our attitudes and aspirations. Parliament of the kingdom of lesotho strengthening fiscal resilience and national competitiveness for accelerating economic growth and development budget speech to parliament for the 201220 fiscal year by honourable timothy t. Unicef calculations from 2015 and 2016 national budget speeches. Quality growth, an inclusive society delivered in parliament on 25 february 20 by mr tharman shanmugaratnam, deputy prime minister and minister for finance, singapore. Roadsip included the sector strategy and targets for 20. Speaker, zambian agriculture recorded an historic achievement during the. Zambias threeyear average score of the country policy and institutional assessment cpia for 201416 was 3. 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 2017 to 31st december 2017, presented to. In its annual 2014 doing business ranking, the wb ranked zambia as the 83 rd best country in the world to do business, compared to 90 th in 20. Statement of commitment by donors and grz to increase aid effectiveness and reduce. For example, we had huge infrastructure gaps in roads, rail and air transport as well as challenges at our ports.

Speaker, sir, 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. The minister of finance, honourable margaret mwanakatwe, in her maiden national budget presentation informed the nation that the 2019 budget was framed on building on the firm. The speech indicates that the endyear target is 8 percent in 2010, and 12 percent in 2009. This is a budget in which there is limited room for expansion, yet there are significant opportunities for change. County executive budget presentation on the fy 2019. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to finance such a leap in expenditure. 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 20 to 31st december. Agricultural export registered a total usd 730 million earnings, accounting for 19 percent of total exports, whereas total agricultural imports represented 16 percent of total imports 20. Historical budget documents are available for reference purposes. In part one, i will highlight the global and domestic economic developments in 2019. The zambian agriculture sector comprises crops, livestock and fisheries. This means that average inflation for 2010 will be bewteen 8 and 12. It is based on the information available at the time it.