Politics
Cabinet Sets 2027 Budget Priorities
Cabinet has approved the Budget Policy Concept Paper, which will guide the...
By Ruth Chayinda
Cabinet has approved the Budget Policy Concept Paper, which will guide the formulation of the 2027-2029 Medium-Term Budget Plan and the 2027 Annual Budget.
The policy is intended to support national development and improve the welfare of Zambians by growing the economy under the Grow Zambia Agenda.
Cabinet has also agreed to focus on priorities that promote growth across various economic sectors, while keeping human capital development at the centre of Government’s agenda.
The decisions were made during the first Cabinet meeting held under President HAKAINDE HICHILEMA’s second term in office.
Lakatips
Advertise on Lakatips
Reach readers following the national conversation
Display, sponsored placements and briefing slots — across politics, business and sport.
According to a statement released to ZNBC news by Cabinet Office, Government’s macroeconomic objectives will include promoting higher and resilient economic growth to create jobs, maintaining single-digit inflation and ensuring a stable exchange rate.
Government also intends to maintain international reserves above three months of import cover.
Cabinet says fiscal consolidation will remain a key priority through broadening the tax base, improving tax compliance using digital systems and increasing efficiency in tax administration.
Government will also continue pursuing concessional and climate-related financing to reduce the risk of high debt distress.
Cabinet has further resolved that Government should work towards reducing budget deficits and maintaining debt sustainability through increased domestic revenue mobilisation.
It has also agreed to integrate climate-resilient projects into planning and budgeting processes to ensure fiscal policy supports climate change adaptation, mitigation and environmental sustainability.
Cabinet has called on all Public Service employees and citizens to work towards achieving the objectives of the Grow Zambia Agenda.
Source: Zambia24 — Read more
More to read
All Politics →HH Tasks Traditional Leaders to Sensitize Subjects on Animal Disease Control
President HAKAINDE HICHILEMA has called on traditional leaders in the country to continue sensitizing...
USA ZAMBIA VISA: ‘It’s Not a Ban — You Just Can’t Afford It’! …’all you need is K400,000 refundable if you don’t over-stay in USA, you er in’
Wrote on Sunday Lusaka, Zambia — 18| October 2026 “So asking a Zambian to deposit $20,000 for a certain category Visa to the
‘No one should be unlawfully detained,’ Amnesty calls for lawyer access to Jay Jay Banda
Amnesty International Africa has urged Zambian authorities to facilitate a medical examination and access to a lawyer for former Petauke Member of Parliament Emmanuel “Jay Jay” Banda following his arrest and transfer to Zambia. Zambian authorities have confirmed that Banda, a former MP and government…