Agri-business Business

Public sector expenditure projected at K53bn

CHIKWANDA

KALONDE NYATI, Lusaka
GOVERNMENT public sector expenditure on procurement has continued to rise with this year’s expenditure projected at K53 billion from K43 billion recorded last year.
Minister of Finance Alexander Chikwanda said it is therefore necessary to ensure prudency in the delivery of goods, works and services in view of the high cash flow.
“Procurement is increasingly emerging as an important agenda in all countries. In Zambia, it is estimated that we spend between 12 percent and 15 percent of our gross domestic product on procurement-related activities”.
“This high cash flow needs to be employed prudently,” he said in a speech read by Ministry of Finance Permanent Secretary in charge of Economic Management and Finance Ronald Simwinga.
This was during the launch of a twinning project between Zambia Public Procurement Authority (ZPPA) and Haus Finish Institute of Public Management last week.
The twinning project, which is phase II of the programme launched in 2013, is aimed at building the capacity of ZPPA in areas of efficiency, transparency and accountability.
Mr Chikwanda also said there is need for close monitoring and regulation of public procurement processes but this can only be possible if the workforce is competent.
He said the twining project will go a long way in improving leadership and management development and performance management, improve human resource management, among others.
The €1.3-million project funded by the finish government will run for two years.
Earlier, ZPPA director general Chibelushi Musongole said the increase in local and foreign contractors trying to defraud Government through sophisticated pricing mechanisms, and ineffective contract management on most Government projects, remains a challenge.
Dr Musongole however said the authority will ensure that public procurement is conducted in a professional manner.

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