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Former Finance Minister Situmbeko Musokotwane on budget deficit (excerpt from Lusaka Times)

‘Few economists, if ever, can be happy with a deficit 8.5% of GDP. I consider this [2013 projected] deficit excessive for the following reasons: 1. It is way above the average deficits Zambia has run in the past decade or so – about 3.5% of GDP. The last time we ran a budget deficit of […]

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Musings

Zambia: The government must keep debt low and improve governance

The Zambian government has eliminated 113 business licences out of the targeted 170 deemed to be unnecessary as part of its private sector development reform programme. In 2008, an inventory recommended that out of Zambia‚Äôs 517 business licences, 170 should be eliminated, 57 reclassified and 99 amalgamated into 21. Meanwhile, the Sixth National Development Plan […]