Finance Minister Dr. Bwalya N’gandu Presents A K119.6 Billion National Budget

Finance Minister Dr. Bwalya N’gandu Presents A K119.6 Billion National Budget.

Finance Minister, Dr. Bwalya Ng’andu has presented to Parliament a K119.6 billion 2021 national budget.

“Mr. Speaker, Government proposes to spend K119.6 billion in 2021 which translates to 32.6 percent of GDP. Of this amount, K68.0 billion, representing 18.5 percent of GDP, will come from domestic revenues and grants. The balance of K51.6 billion will be raised through financing” he told Parliament” he proposed.

Below is a breakdown of proposed allocation to different sectors of national development.