2024 Zambia National Budget

Rebalancing for growth

The United Party for National Development (UPND) Government’s third budget builds on and refines the party’s ambitious plans to transform Zambia’s economy.

Overview

With progress made towards concluding Zambia’s debt restructuring deal, the New Dawn Government has started to stablise Zambia’s economy, which is the first stage in the UPND’s Economic Transformation Programme.

In his budget speech, the Minister of Finance and National Planning, the Honourable Dr Situmbeko Musokotwane, MP, said the 2024 budget aimed to build on this newfound stability by creating conditions for economic expansion, and private as well as public sector job creation.

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2024 Zambia National Budget Bulletin

Download the previous edition: 2023 Zambia Budget Bulletin

In this year’s budget the Minister of Finance, Hon Dr Situmbeko Musokotwane has announced increased social sector spending and further incentives to stimulate private sector development.

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George Chitwa

Partner | Tax Leader, PwC Zambia

Tel: +260 (0) 211 334 000

Malcolm Jhala

Partner | Tax Services, PwC Zambia

Tel: +260 (0) 21 133 4000