CTPD projects debt accumulation in 2019

The Centre for Trade Policy and Development (CTDP) has projected an increase in government debt accumulation in 2019 as a result of increased borrowing.

Making a presentation during the NGO WASH Forum panel discussion on the 2019 national budget, CTDP research officer, Bright Chizondi says government should reduce the stock of public debt in order to mitigate the risk of debt distress.

He adds that Government should also improve budget implementation and reporting on debt issues in order to ease public distress.

Mr Chizondi says it is expected that interest rates are going to fall in 2019 because of the reduction in domestic borrowing by government.

He has further called on the Government to implement other measures aimed at reducing debt payment such as refinancing and debt restructuring in order to increase spending on social services.

Speaking at the same event, Water Aid head of public policy Isabel Mukelebai says water is a social good which should be accessible by all because it is a fundamental right.

Ms Mukelabai says there is still need to improve coverage for water and sanitation in the country.

And NGO WASH Forum consultant Andrew Chitembo says following up issues during the joint water sector review helps make progress.