Government spends K11.4 billion in April, debt servicing gulps K2.3 billion


Government has spent a total of K11.4 billion for development programmes and public service delivery in April.

Out of the K11.4 billion, about K2 billion was released for transfers, subsidies and social benefits.

About K2.3 billion was spent on debt service for both domestic and external, as well as dismantling of arrears.

Furthermore, K3.6 billion was disbursed to settle the public service wage bill.

Finance and National Planning Mimister, Situmbeko Musokotwane, said this in Lusaka in a statement on Wednesday.

The minister said they made available K3.2 billion for implementation of various government programmes and general operations.

The road infrastructure in the month under review received K359.7 million.

He explained that from the K2.2 billion released for debt service and dismantling of arrears, a sum of K1.6 billion went towards both domestic and external debt payments to multilaterals.

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Musokotwane indicated that the component related to dismantling of arrears for suppliers of goods and services, got K627.4 million.

The minister said the government also disbursed K2 billion towards transfers and subsidies, such as school grants, social cash transfer, operations of hospitals and for the Public Service Pension Fund.

Other categories that benefited from the funds are local government equalization fund, payment of TAZAMA workers salaries and among others.

“We call for consistent and effective monitoring of budget execution by all stakeholders in their sectors of operation and interest,” Musokotwane said.

He further affirmed that the implementation of the 2023 budget is on course as all major budgeted programmes are now being funded considerably.

“I appeal to members of the public (individual and corporate) to actively participate in the formulation of the 2024 National Budget and the 2024 to 2026 Medium Term Expenditure Framework (MTEF),” Musokotwane said.

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