My Collection

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 […]