Cabinet approves 2024 revised budget, set for presentation to parliament


The Cabinet has approved the 2024 revised National Budget, designed to protect vulnerable households from the effects of the ongoing drought in the country.

Information and Media Minister, Cornelius Mweetwa, stated that the revised budget aimed to build resilience and sustainability through early recovery interventions, aligned with the recent declaration of a State of Disaster and Emergency.

The Cabinet meeting, chaired by President Hakainde Hichilema, took place on Monday.

Read more: Budget alignment in focus as Hichilema announces measures to tackle ailing economy

Mweetwa, in a statement issued on Wednesday, highlighted that the revised budget considered debt restructuring agreements with all creditors and the prevailing macroeconomic conditions.

He added that the revised national budget would be tabled in Parliament for review.

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