Chisanga tells govt to ensure 2026 budget balances growth, social priorities, with fiscal discipline

Economist Kelvin Chisanga has outlined his expectations ahead of the 2026 national budget presentation, to be delivered later this month by Finance and National Planning Minister Situmbeko Musokotwane.

Chisanga said Zambians were anticipating a budget framework that balances economic growth with fiscal sustainability while addressing key social and developmental needs.

“As Zambia prepares for the 2026 national budget, expectations are building around a framework that balances economic growth with a fiscal sustainability path. The government is likely to continue with fiscal consolidation, aiming to reduce the fiscal deficit to below five percent of GDP, while enhancing domestic revenue through improved tax compliance and reforms,” he stated.

He noted that investment in social sectors would remain central, with particular emphasis on education, healthcare, and social protection—key priorities under the 8th National Development Plan.

Chisanga further anticipated continued recruitment in the public service, sustained support for vulnerable households through social cash transfers, and targeted measures to strengthen food security.

On infrastructure, he projected that the budget would prioritise road rehabilitation, energy diversification, and rural connectivity, particularly through public-private partnerships.

“The agriculture sector is also expected to receive targeted allocations for mechanisation, irrigation, and improved input distribution systems such as the e-voucher,” he added.

From a macroeconomic perspective, Chisanga projected that the 2026 budget would support a growth target of around 4.5 percent, driven by stronger mining output and a rebound in non-traditional exports.

He, however, cautioned that risks remain, including exchange rate volatility, high inflation, and the heavy burden of debt servicing—particularly on domestic borrowings.

“Overall, Zambians will be looking to the 2026 budget not just for stability, but for bold policy actions that deepen structural reforms, create jobs, and enhance household welfare, particularly as the country heads towards the general elections,” Chisanga said.

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