Zambia: 2018 budget deficit was 7.5% of GDP
Thursday, 02 May 2019 17:39
Despite austerity measures adopted in June 2018, Zambia’s 2018 budget deficit was 7.5% of GDP, above the 7% forecasted, finance minister Margaret Mwanakatwe (photo) announced on May 1, 2019.
The finance minister also indicated that new measures would be initiated to reduce the 2019 budget deficit to 6.5% of GDP.
Weeks ago, the country’s debt was said to have risen by about 15% to reach $10.05 billion at end 2018. The country seeking a support program from the IMF, which rejected its support request in February 2018, is trying to reduce the burden of its debt and reorganize its public finance.
Moutiou Adjibi Nourou
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
South Africa Uses Tax Changes to Ease Pressure on Households and Firms
10:37
-
Dangote Cement signs $1bn agreement to expand African capacity, second Cameroon plant considered
10:30
-
Australian Miner Prospect Resources Seeks Larger Stake in Zambia’s Mumbezhi Copper Project
10:28
-
South African Renewable Energy Firm SolarAfrica Secures $38.7mln Mezzanine Deal to Buy Out Investor
10:25
-
Flocash and Quest launch prepaid Visa card in Zimbabwe
09:39
-
Noah, NALA launch stablecoin network to speed cross-border payments into Africa
09:38
-
Dangote Cement signs $1 billion Sinoma deal as Cameroon plant project resurfaces
03:52
-
Douala Port Authority Plans Deal With SNH Unit Hydrac for Construction Oversight
03:42
-
Cameroon's 10,000-home project risks two-year delay, budget revised to 97.9bn CFA francs
03:40
-
Kribi refinery cost set at 372 billion CFA francs as financing is finalized
03:38
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
The government plans tax adjustments and incentives to ease pressure on households and businesses. Tax-free savings limits and retirement deduction...
Dangote Cement signs $1 billion plant construction deal with China’s Sinoma Investment targets new lines in Nigeria, Ethiopia and possible...
Prospect Resources plans to raise its stake in the Mumbezhi copper project to 90%. The company will pay $4.25 million to buy an additional 5%...
Vantage Capital invested 635 million rand ($38.7 million) in SolarAfrica’s CESA unit. The mezzanine financing helped SolarAfrica buy out Inspired...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...
March is marked by festivals, conferences, workshops and other events celebrating women. In March 2026, a film program is dedicated to female directors...