Government has allocated K769.5 million to the tourism sector under the 2024 national budget.
Finance and National Planning Minister Situmbeko Musokotwane on Friday, unveiled a K177.9 billion as the 2024 national budget.
During the presentation of the 2024 national budget in Parliament on Friday in Lusaka, Musokotwane said the money allocated to the tourism sector was for the development of tourism infrastructure.
He said it would also be used for marketing, wildlife management, and development of tourism products, among others.
“To improve air transport and to ensure that Zambia becomes a regional hub for air connectivity, I propose to spend K700.7 million on Provincial Aerodromes,” Musokotwane said.
He said the allocation was earmarked for the rehabilitation and upgrade of Mansa, Mbala, Mongu, and Solwezi Airports and the development of Chinsali, Choma, and Kasaba Bay Airports.
Under the budget, to promote entrepreneurship among Zambians, Musokotwane proposed to allocate K391.9 million to the Citizens Economic Empowerment Commission.
“This is in addition to other empowerment funds under CDF, Gender Division, and the Ministries of Community Development and Social Services, and Youth, Sport and Arts,” he said.
Musokotwane further said in order to improve access to affordable loans for public servants, K150.0 million had been allocated to the Public Service Microfinance Company.
“The amount will go towards the recapitalization of the institution to provide affordable loans and other innovative financial solutions to public service workers across the country,” he said.
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