News

‘Budget preps on course’

KANDETA

KELVIN MBEWE, Lusaka
THE Ministry of Finance says the 2017 national budget will not be presented this Friday but on a date to be announced after consultations with stakeholders, ministries, provinces, spending agencies and Cabinet are exhausted.
This is according to a statement issued yesterday by Ministry of Finance public relations officer Chileshe Kandeta.
Mr Kandeta said Part XVI, Public Finance and Budget, Article 202 clause (3) of the Constitution states: “In a year where a general election is held, the minister responsible for finance shall cause to be prepared and laid before the National Assembly, within ninety days of the swearing-in of the President, estimates of revenue and expenditure for the Republic for the next financial year.”
Mr Kandeta said in this regard, there is a maximum of 90 days following the swearing-in of the President on September 13, 2016, in which to present the budget to the National Assembly.

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