A tax and trade consultant Gilbert Nkamba says the allocation of one quarter of the budget towards debt servicing is a clear indication of government’s willingness to pay debts. Mr. Nkamba says this also shows the level of policy consistency on the part of government. He says the repayment as well as the disbursing of…
The spectre of unlawful drilling is back in the news with eight Zambians and one Chinese national arrested for unlawful drilling and using suspected military regalia. The nine were round up near the Livingstone Weighbridge and two kilometres off Great North Road. Southern Province Police Commissioner, Bonnie Kapeso said the suspects were found with one…
ONE Chinese national and eight (8) Zambians who are also employees of a named security company have been arrested by police in Southern Province for unlawful drilling.And police upon investigating recovered one pistol, seven (7) shot guns and one big airgun with a box containing shotgun ammunition belonging to the security company.The suspects were allegedly…
Housing and Infrastructure Development Permanent Secretary Charles Mushota says the 2019 national budget has given hope to the construction sector. Mr. Mushota says with the K6.5 billion allocated to the road sector in particular, there is now impetus by the Ministry to continue with the implementation of various road construction projects. In an interview with…
Opposition United Party for National Development (UPND) Mazabuka Central Member of Parliament Garry Nkombo says the 2019 national budget is as cosmetic as the previous budgets that have been presented in the past years. Mr. Nkombo told journalists at parliament buildings that the budget is sugar coated to make citizens feel as though things will…
The Economics Association of Zambia (EAZ) has welcomed the abolition and replacement of the Value Added Tax (VAT) with the Non-Refundable Sales Tax. EAZ president Lubinda Habaazoka says his association is happy with the introduction of the Non-Refundable Sales Tax proposed by the Finance Minister in the 2019 budget as it will close leakages in…
Margret Mwanakatwe Government has proposed to spend K86.8 billion or 28.9 percent of GDP in 2019, Finance Minister Margaret Mwanakatwe has disclosed his budget speech. Presenting the proposed 2019 national budget to parliament which represents a percentage increase of 21% on the 2018 budget of k71.6 billion, Mrs. Mwanakatwe says of the total budget, domestic…
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