May 31, 2019 the mineral industry of zambia, 2015 pdf detailed description. The two pieces of law came into effect on 1 july 2015 with the following key provisions. Zambians with access to financial services increased to 59 percent in 2015 from 36 percent in 2009. In view of these challenges, zambia has in the recent past developed various climate changerelated policies, strategies, projects and programs in response to climate change impacts. Chikwanda to present 2015 national budget on october. Nonetheless, funding for hiv accounts for a full 20% of the grz health.
Zambia country operational plan cop 2016 strategic direction summary april 14, 2016. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2014 to. Zambias risk of debt distress from high to moderate in the medium term. Budget for 2016 details on 9 october 2015, the budget for 2016 was presented to the national assembly by the minister of finance. Changes to the mining fiscal regime in the 2015 budget. Details of the budget, which unless noted will apply from 1 january 2016, are summarized below.
Formal analysis to follow, but on a quick read this appears to be a pretty disappointing budget. Zambia national disability survey 2015 unicef zambia. Mwanakatwe said in her budget speech the patriotic fronts eighth budget since it came to power in 2011 that going forward government will amongst other things, focus. Zambia before and after the changes introduced by the 2015 budget. Thisplan is the successor to the fifth national development plan fndp, 2006 2010, the first in the series of mediumterm plans aimed at making zambia a prosperous middleincome country by 2030. Box 50062 chimanga road, lusaka all correspondence should be addressed to the secretary to the treasury. Golden jubilee as one zambia one nation by making economic independence a. The 2015 national budget statement towards an empowered society and inclusive economic growth presented to the parliament of zimbabwe on 27 november, 2014 by hon. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. Zambian annual budget discussion breakfast blog kpmg africa.
Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2010 to 31st december 2010. Zambia legal framework for transparency the legal framework regulating the budget system in zambia derives mainly from the 1996 constitution, supported by a number of additional laws and regulations. Budget, it is the vision of bringing economic independence to the millions of zambians that has been our practical. The mineral industry of zambia, 2015 pdf detailed description. Sir, on 1st january 20, we successfully rebased the kwacha. Speaker, the budget i am presenting today continues to build on the firmfoundation that has been laid in the past seven years and addresses the challenges that we face head on. National development plan which was released in june 2017. As zambia celebrates 50 years of independence, there is much focus on whether the economy has made. Details of the budget, which unless noted will apply from 1.
In the 2014 budget zambia estimated and inflation rate of 6. Government budget in zambia averaged 3 percent of gdp from 1998 until 2019, reaching an all time high of 18. Chinamasa, mp minister of finance and economic development 1. Civil society engagement in the national budget process 3 engagement as a process, not an event that closely involves people in the economic, social, cultural and political process that affect their lives. The zambia national disability survey 2015 was initiated by the ministry of community development and social services mcdss, and implemented by the central statistical office cso and the university of zambia unza, in collaboration with sintef technology and society norway and unicef. These policies, strategies, programmes and projects are aligned with the. The 2020 national budget aims, in the face of the catalogued challenges. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all. Pdf the 2015 zambia national budget analysis salim kaunda. Pmrc collaborates directly with government, media, private sector, academia, civil society organizations and general citizenry in its work.
In our 2015 country operational plan cop, pepfar zambia aligned its resources to implement its programs in 23. This implies that civic or citizen engagement is an. The 2015 budget introduced major changes to the mining fiscal regime. These include increasing the revenue base to drive sustained inclusive growth and reduce the national debt burden.
The centers for disease control and prevention cdc division of global hivaids zambia office was launched in december 2000 and has worked with the government of the republic of zambia grz ministries and provincial health offices to support the national strategy to combat hivaids. Oct 09, 2009 the finance minister, situmbeko musokotwane mp delivered the budget statement today. The national budget is the economic, political and administrative life of any country and as such is among the highly debated piece of parliamentary legal documents every year, this is what makes the role of the minister of finance, as the one legally mandated by the constitution in zambia. The cash exchange exercise will continue until 31st december 2015 to enable all zambians. The 2015 budget is better than the 2014 one because although both are developmental the 2015 has a more easier to manage fiscal deficit than the 2014. December 2015 to enable all zambians, particularly. The seventh national development plan 7ndp for the period 2017 2021 is the successor to the revised sixth national development plan, 202016 r. Zambian finance minister, alexander chikwanda presented the national budget on 10 october 2014. Weathering the storm zambias 2016 national budget pwc analysis and outlook commentary mining sector and on the economy as a whole. The growth in zambias gross domestic product gdp is expected to be significantly less in 2015 than projected in last years budget as a result of. What problems would the minister of finance encounter in the process of budget formulation and implementation in zambia. It is a budget that seeks to progressively reduce the fiscaldeficit, maintain a sustainable. Details of the budget, which unless otherwise indicated will apply from 1 january 2016, are summarized below.
Zambia particularly in the field of gemstone and industrial mineral, which offer great potential. The centers for disease control and prevention cdc division of global hivaids zambia office was launched in december 2000 and has worked with the government of the republic of zambia grz ministries and provincial health offices to support the national strategy to. Ministry of finance yellow book for the 2019 budget. How%20to%20reduce%20zambia%e2%80%99s%20fuel%20costs. Zambia will remain one of the few countries in the. Crop budgets for maize production costs and returns. Economic developments in 2014 current estimates are that the zambia economy. Zambia staff report for the 2015 article iv consultationdebt sustainability analysis based on the joint fundbank debt sustainability framework for lowincome countries lic dsa, zambias risk of external debt distress is moderate and the overall risk of debt distress is heightened, given total public debt vulnerabilities. Seventh national development plan 20172021 i foreword zambia remains committed to the socioeconomic development planning of the country as reflected by the return to development planning in 2005.
Compared to many other southern african countries, zambia has relatively abundant land and water. On 9 october 2015, zambias minister of finance presented the budget for 2016 the budget to the parliament. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to finance such a leap in expenditure. In the 2015 budget, government planned to continue with major road infrastructure namely link zambia 8000, l400 and tolling at weigh bridges.
Government has undertaken shortterm measures to address the problem, including importing emergency power from abroad, but admits that this is not a sustainable solution. This is an analysis of the 2015 national budget in a simplified manner to allow the reader understand the economic direction of the country. The availability of budget documents contains a series of four tables that allow the researcher to examine and map the public availability and dissemination of its countrys key budget documents i. Oct 12, 2012 minister of finance alexander chikwanda today announced a k32. Zambia is experiencing a large demographic shift and is one of the youngest countries globally. This report provides an analysis of public investment planning for disaster risk reduction drr mainstreaming in zambia. The sixth national development plan sndp, which covers the period 2011 2015, charts an ambitious path to transform the lives of zambians. Zambia, 201011 to 2014 ryan vroegindewey eric crawford gcfsi publication series zambia report no. Sir, i am the bearer of a message from his excellency the president of the republic of zambia recommending favourable consideration of the motion that i now lay on the table, in accordance with the requirements of article 117 of the constitution, as amended. This is the reason even the 2015 inflation projections were revised upwards to 7 %. This is an analysis of the 2015 zambian budget including breakdown of allocations to sectors including health, agriculture, infrastructure development and many more. Pdf 2015 zambia budget analysis kampamba shula academia.
The analysis, using the fari model, employs three key indicators. The wage freeze is addresses as well as the mining tax regime changes. Zambia implements the source rule regime for taxation of income. The new budget has triggered anxiety among stake holders and civil society groups of how the pf government hopes to.
If we remain united and energised around its implementation government, labour, business and all south africans we will continue to make progress towards a. The adr is an independent countrylevel evaluation that examines the relevance of undp in zambia and assesses its strategic positioning. It moved away from a system comprising a uniform royalty rate 6 percent, corporate income tax and a variable income tax. Curtailing spending as part of these austerity measures, hon. Zambia ranks among the countries with highest levels of poverty and inequality globally. Zambia recorded a government budget deficit equal to 7. The ministry is headed by a minister whose mandate is drawn from the minister of finance incorporation act, chapter 349 of the laws of zambia. Contents 2 2016 budget commentary 6 2016 sectoral impact 14. Pdf the 2015 zambia national budget analysis salim. The government is set to operationalise the tourism and hospitality act of 2015, which provides for tourism product development, tourism infrastructure and. Appendix b budget profile and resource projections. This page provides zambia government budget actual values, historical data, forecast, chart.
Zambia budget 2016 beat the odds 9 taxation changes prebudget tax changes the income tax amendment act no. In our 2015 country operational plan cop, pepfar zambia aligned its resources to implement its programs in 23 scaleup. The ministry of finance is charged with the responsibility of economic management to foster sustainable national development. Agriculture, fishery and forestry, which account for 20 per cent of zambian gdp, shrunk by 2.
The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on 26 november, 2015 by hon. Budget support was especially effective in sectors and situations where there was. In general, the framework assigns clear authority, timelines and procedures for the budget process. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january, 2016 to. The national annual budget is a document containing various government activities or work programmes expressed in monetary form. Vicepresident guy scott with finance minister alexander chikwanda before a meeting at state house on july 14,2014 picture by thomas nsama. How% 20to%20reduce%20zambia%e2%80%99s%20fuel%20costs. The zambia national disability survey 2015 was initiated by the ministry of community development and social services mcdss, and implemented by the central statistical office cso and the university of zambia unza, in collaboration with sintef technology and society norway and unicef zambia. Grant thornton zambia budget bulletin 2016 2 2016 budget commentary the 2016 national budget was presented by the honourable minister of finance to the national assembly on 9 october 2015. Mar 04, 2020 this report provides an analysis of public investment planning for disaster risk reduction drr mainstreaming in zambia. It is on account of these challenges that the 2015 budget deficit is expected to widen to 6. As at 30th september, 20, the bank of zambia had withdrawn k3. Obb outputbased budget ophi oxford poverty and human development initiative paye payasyouearn.
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