News

K4.4 billion marked for debt servicing

FREDSON Yamba.

HONE SIAME, Lusaka
GOVERNMENT plans to spend K4.4 billion on debt servicing in the next three years through the newly-established Sinking Fund.
Zambia’s external debt currently stands at US$9.3 billion.
Secretary to the Treasury Fredson Yamba said the funds are part of the K4.9 billion to be spent on financial assets over the next three years.
This is contained in the 2019-2021 Medium Term Expenditure Framework released by Ministry of Finance public relations officer Chileshe Kandeta.http://epaper.daily-mail.co.zm/

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