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Date for 2018 BUDGET presentation set



Minister of Finance Felix Mutati will present the 2018 National Budget to Parliament on Friday 29 September, 2018.


And Mr. Mutati says government is in the process of finalising consultations of some budget proposals from institutions and individuals.


The Minister has disclosed that one final consultative meeting will be held with Copperbelt based economic sector players to reach consensus on administrative priority action which is needed to promote Zambian entrepreneurs in the predominantly mining province.


Meanwhile, the governments of Zambia and New Zealand have signed a Framework Development Cooperation Agreement to facilitate and enhance bilateral economic and technical cooperation between the two countries.


Secretary to the Treasury Fredson Yamba signed the agreement on behalf of Zambia while Mike Burell, the newly accredited High Commissioner of New Zealand to Zambia, signed on behalf of his country.


Under the agreement, New Zealand, one of the world’s largest producers of beef and dairy products, will give Zambia a grant for the implementation of the Zambia Diary Transformation Programme.


New Zealand will also offer technical assistance in the energy sector, particularly renewable energy.


In addition, New Zealand will give scholarships and awards to Zambians for studies and professional training in New Zealand, or in Zambia.


Commenting on the development, Mr. Yamba said the signing of the agreement with New Zealand attests to the resolve by the government under the leadership of President Edgar Lungu to seek strategic partnerships.


He said the agreement will deepen the industrialisation and economic transformation agenda, in line with the Economic Stabilisation and Growth Programme and the Seventh National Development Plan.


This is according to a statement issued to ZNBC News by Ministry of Finance Spokesperson Chileshe Kandeta.



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