In part two, i will present the macroeconomic objectives. 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. 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. You can file all your returns and make payments in the comfort of your home. Headlines 2012 full budget address speech by finance minster alexander chikwanda. The 2019 budget will seek to gradually condense the fiscal deficit, maintain a sustainable debt position and safeguard the vulnerable in society. This page provides zambia government budget actual values, historical data, forecast, chart. Fiji budget speech 20 commodore josaia voreqe bainimarama, ostj,msd,jssc,psc prime minister and minister for finance, national planning, public service, peoples charter for change, information, sugar, foreign affairs, international cooperation and civil aviation, indigenous and multiethnic affairs and provincial development. I am pleased to announce that real gdp growth was instead 1. Nov 24, 2015 2015 budget speech pdf zambia revenue authority. 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. 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. Home singapore budget budget speech video budget speech video deputy prime minister and minister for finance, mr tharman shanmugaratnam, delivered the budget speech for the financial year 20 in parliament. 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.
The 20092011 economic rebound clearly decelerated in enclave. Its a budget for people who realise there are no easy answers to. Statement of commitment by donors and grz to increase aid effectiveness and reduce. Mr speaker sir, the 20 budget has easily been the most difficult to construct and engineer in the short life of this inclusive government. This is a budget in which there is limited room for expansion, yet there are significant opportunities for change. In november 20, we had forecast real gdp growth of 0. Zambia, briefing paper, october 2010, accessible at downloads.
Weathering the storm zambia s 2016 national budget pwc analysis and outlook commentary mining sector and on the economy as a whole. Further, the budget is only marginally lower than inflation. In august 2005, the network for historical research in zambia nhrz organised a threeday conference entitled zambia. 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. Click here to download the complete set of the 201415 budget for offline reading. In line with this, the 20 budget outlines the following macroeconomic.
Mutati, mp accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. Assessment of the fifth national development plan 60. It is based on the information available at the time it was completed on may 5, 2015. It is based on the information available at the time it. Mr deputy speaker, this is a budget for people who aspire to work hard and get on. An evaluation of budget support in zambia 7 7 levels and composition of public spending 118 7. Promoting empowerment of people in achieving poverty. 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. Oct 11, 20 the zambian economist is a private website produced and maintained in my own time, and reflects solely my personal opinions. Pwc devolution contributing to the transformation for shared prosperity slide 9 national budget 20 2014 june 20 alphan njeru. Oct 12, 2012 minister of finance alexander chikwanda today announced a k32.
Our experts will share their insights before and after the budget announcement. What will the 2020 budget speech mean for you and your business. The 2018 budget theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. 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. The speech indicates that the endyear target is 8 percent in 2010, and 12 percent in 2009. Accordingly, the zambian government has proposed a number. Zambia recorded a government budget deficit equal to 7. Kenya, namibia, zambia, zimbabwe, south africa and mozambique. The aim is to raise employment of young schoolleavers by a further 500 000 by.
Residents are taxed on domesticsource income and certain types of foreign income. Zambia, briefing paper, october 2010, accessible at. I have the honour of tabling our governments budget for fiscal year 202014, the budget that restores balance. Zambia will for the first time implement the national health insurance. Click here to download the complete set of the 2012 budget for offline reading. The 20 budget is about national development and fiscal sustainability. Oct 09, 2009 further, the budget is only marginally lower than inflation. The 2018 budget presented by the minister of finance can easily be understood as a protest against the pf cadres and their sponsors for. Mutati mp, minister of finance delivered to the national assembly on 11th november 2016. The ministry is headed by a minister whose mandate is drawn from the minister of finance incorporation act, chapter 349 of the laws of zambia. Bank of zambia and central statistics office source. Government has undertaken shortterm measures to address the problem, including importing emergency power from abroad, but admits that this is not a sustainable solution. I make this statement in fulfillment of the requirements of section 40 of the public finance management act, 2012 and the standing order number 241 of the national assembly. 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.
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. 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. I am asking for consent to table the following documents. Roadsip included the sector strategy and targets for 20. Speaker, zambian agriculture recorded an historic achievement during the. Thahane minister of finance and development planning maseru lesotho 18january, 2012. Our intention is that young people should benefit from this. Minister of finance and national planning delivered to the national assembly on friday, 1st march 2002 opening remarks 1.
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. As at the end of 20 14 financial year, the province spent r16. 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. 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. Speaker, as a country we have come a long way since 20. Budget speech 4 20142015 our efforts are starting to pay off, and our economic growth is improving. Budget deficits have continued as a result of tight liquidity conditions in the domestic market together with unfavourable global environment. The minister of finance reported that gdp will grow at 6. Speaker, it is my honour to present to this august house the fy 201819 budget statement. The cash exchange exercise will continue until 31st. Budget consultation has revealed once again the wideranging, diverse and even conflicting demands within the community. Matambo minister of finance and development planning delivered to the national assembly on 2nd february 2015 website. 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. Sir, to further improve the quality of health care and reduce referrals.
Sir, the ministry of health will provide the full details of these projects during debate on the 2011 budget. Historical budget documents are available for reference purposes. In order to address this, zambia revenue authority has embarked on a project to digitise the manual tax stamp system. On 29 september 2017, zambia s minister of finance, hon. Zambia s risk of debt distress from high to moderate in the medium term. The minister stresses that this will be achieved by building self reliant people able to sustainably generate money for their own pockets.
The availability of budget documents contains a series of four tables that allow the researcher to examine and map. Curtailing spending as part of these austerity measures, hon. Sir, on 1st january 20, we successfully rebased the kwacha. In part one, i will highlight the global and domestic economic developments in 2019.
As at 30th september, 20, the bank of zambia had withdrawn k3. Speaker, allow me now to provide an outline of my budget presentation. Speaker, the launch of the fndp in 2006 renewed our efforts to address development challenges in a. 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. The ministry of finance is charged with the responsibility of economic management to foster sustainable national development. 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 slowdown in growth is primarily attributed to the impact of climate change and debt servicing. Mutati, mp minister of finance delivered to the national assembly on friday, 11th november, 2016 1. Zambia must reduce the deforestation rate to ensure a green economy and sustianbale development. Pwc definition and the place of devolution in the constitution article 6 of the constitution stipulates that kenya will be divided into.
Felix mutati presented the 2018 national budget to parliament. The aim is to set zambia on a path of sustainable growth and ensure equitable distribution of the tangible benefits of the country. 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. In his maiden budget speech, the minister of finance, hon dr bwalya ngandu stated that economic growth is expected to slow down to 2% by the end of 2019. Speaker, i also thank his majesty the king for his recent speech from the throne, where his. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. Republic of botswana 2015 budget speech by honourable o. This implies that civic or citizen engagement is an. President uhuru kenyatta took office in 20, there were numerous constraints to economic growth. The plan expresses the central priorities of public policy. It is the first budget in which governments plans to implement the national development plan ndp are beginning to take shape.
Manual returns to be filed within 5 days of after the end of the month. 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. I have the honour of tabling our governments budget for fiscal year 20 2014, the budget that restores balance. These values will always be mainstreamed in our policies and national development plans to guide our attitudes and aspirations. 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. The month on month deficit developments, however, confirmed that for the month of september 2018, the deficit level narrowed sharply. Nonresidents are usually taxed on zambiansourced income and are.
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