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Ng’andu to present the re-aligned 2020 national budget

Filed under: Breaking News,Business |
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Finance Minister, Dr. Bwalya Ng’andu says he will present the realigned 2020 budget between this week and next week.

Speaking to journalists in Lusaka today Ng’andu said; “Preparations for next year’s budget have commenced with Provincial consultations currently underway.

“The budget is on course and will be presented on time.”

He pointed out that COVID-19 has had an immediate impact on revenue as there has been a substantial reduction in revenue flows.

Meanwhile, Dr. Ng’andu has since disclosed that the government has raised over K6.8 billion for coronavirus bond, adding that the money is currently being distributed.

The Minister said the money will go towards the payment of arrears owed to suppliers of goods and services to government and money owed to pensioners and retirees.

Dr. Ng’andu said that the government is ensuring liquidity into the economy through the stimulus package to create activity in the domestic economy.

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