Walking a tightrope
The 2020 Budget theme “Focusing national priorities towards stimulating the domestic economy” is clearly aimed at dealing with Zambia’s declining economic performance.
In his maiden budget speech, the Minister of Finance, Hon Dr Bwalya Ng'andu stated that economic growth is expected to slow down to 2% by the end of 2019. This compares with a target of 4% and growth of 3.7% in 2018. The slowdown in growth is primarily attributed to the impact of climate change and debt servicing. The escalating trade war between the US and China and the global geo political tensions may also be a factor contributing to the slowdown.
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