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Strong First Quarter Budget Performance Surpasses Projections

Editor - Melo Media (ZM) by Editor - Melo Media (ZM)
2 May 2023
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Strong First Quarter Budget Performance Surpasses Projections
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The government’s budget performance in the first quarter of 2023 exceeded projections, with a total of 26.3 billion Kwacha collected in revenue and grants. This strong start to the year bodes well for the country’s financial stability and future economic growth.

The first quarter budget performance has exceeded projections by 2.6 percent, indicating a strong start to the fiscal year.

The Finance and National Planning Minister, Situmbeko Musokotwane, has announced that the first quarter budget performance has exceeded expectations, with a significant contribution from the Value Added Tax (VAT). This positive outcome is a result of the strong performance of the economy during this period.

The first quarter budget performance has exceeded expectations, with Dr. Musokotwane attributing this success to the impressive revenue generated from the sale of bandwidth spectrum by ZICTA. This exceptional performance is a positive sign for the economy and suggests that efforts to boost revenue collection are paying off.

The Ministry of Finance Symposium in Lusaka today revealed that the first quarter budget performance exceeded projections, indicating a strong start to the year. The Minister of Finance spoke at the event, highlighting the positive economic performance in the first quarter.

The first quarter budget performance has exceeded expectations, according to Dr. Musokotwane. The government remains committed to implementing policies and programs that will promote economic growth.

The government has emphasized its dedication to fiscal discipline, transparency, and responsible spending moving forward.

The first quarter budget performance has exceeded expectations, according to Secretary to the Treasury Felix Nkulukusa. However, there may be challenges ahead if financing from the International Monetary Fund (IMF) does not arrive by the end of the third quarter in 2023.

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