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CTPD 2023 NATIONAL BUDGET EXPECTATIONS
Manage episode 342679159 series 2258826
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The New Dawn Administration Now has an opportunity to make their own budget,
indicating that with the 2022 National Budget, they had little time.
The new administration now has a clear position pointing at the eighth
National development plan which they can incorporate, but at the back of it there
is the IMF program.
These were the Word of Finance and National Planning Minister,
"Dr Stumbeko Musokotwane in 2021,
"Madam, Government proposes to spend K173.0 billion in 2022 equivalent to 37.1 percent of GDP.
Of this amount, revenues and grants are K100.7 billion representing 21.6 percent of GDP.
The gross financing of K72.3 billion, which translates to a budget deficit of 6.7 percent of GDP,
will be raised from external and domestic sources, including a drawdown on the Special Drawing Rights.
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