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Finance and National Planning Minister, Situmbeko Musokotwane, has encouraged stakeholders to make submissions towards the 2025 national budget.
Musokotwane said the budget would focus on restoring macroeconomic stability, achieving fiscal consolidation and ensuring debt sustainability.
Speaking during a consultative meeting for the preparation of the 2025 national budget and the 2025-2027 Medium Term Budget Plan on Tuesday in Lusaka, in a speech read on his behalf by the acting Secretary to the Treasury, Sandy Manza, the Minister outlined the government’s priorities.
Musokotwane stated that the budget would also aim to enhance economic efficiency and boost private sector-led economic growth through increased investments.
Additionally, the budget would focus on building resilience into the economy to ensure that economic activity, especially in agriculture, withstands climate change and other shocks.
“This will entail strategic investments in electricity production and irrigation by the public and private sectors, as well as developing drought-resistant agricultural practices to ensure food security and economic stability,” he said.
The Minister noted that the supplementary estimates of expenditure number one for 2024 had been necessitated by the urgent need to respond to the drought and its effects on the economy, as well as the government’s move to clear arrears owed to fuel suppliers.
“With this as our backdrop, the government is undertaking consultations for the 2025 national budget. We are seeking to implement strategic interventions aimed at restoring macroeconomic stability and achieving fiscal and debt sustainability,” Musokotwane said.
He added that the 2025 national budget would be fully devoted to propelling the nation towards the government’s shared aspirations and implementing the key agenda of the eighth National Development Plan, despite the severe challenges it faces.
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