The Council of Churches in Zambia -CCZ- says the 2019 national budget has capacity to attain the projected economic objectives and reduce poverty if it is effectively implemented.

CCZ General Secretary Emmanuel Chikoya says it is only through the effective implementation of the 2019 budget that the social wellbeing of the average Zambians can be improved.

In his analysis Fr. Chikoya has called on the Government to quickly address the depreciating Kwacha.

He says if not attended to the current exchange rate has the capacity to erode economic gains.

Fr. Chikoya says moves like the reduction on tax for firms that process copper before exporting must be extended to other goods in including timber.

He also says the new tax tier of 10 percent of 7,500 United States Dollars per ton will enable the country collect better shares from mining especially that the prices have been rising.

Fr. Chikoya has also praised Government for encouraging local content and value addition by increasing mineral royalties on cobalt saying this will help increase revenue.

He says a further 15 percent tax on gemstone and gold is a welcome move because the nation has lost out on revenue.

Fr. Chikoya has since called for the need to enact into law the planning and budgetary bill saying any system which is not backed by legislature is prone to abuse.

This is contained in a statement made available to ZNBC News by -CCZ- Communications Officer Michael Mazakaza.


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