Cabinet approves 2026-2028 macroeconomic objectives and fiscal policies, strategies and target
CHOMBA MUSIKA
Lusaka
IN LINE with Government’s quest to increase economic growth and improve living standards, Cabinet has approved the 2026-2028 macroeconomic objectives and fiscal policies, strategies and targets.
This is in line with the Green Paper on the 2026-2028 Medium Term Budget Plan (MTBT) and the 2026 annual budget.
Under the macroeconomic objectives, Cabinet approved the attainment of increased economic growth of at least 6 percent per annum over the medium term with inflation rate reduced to a single digit by 2028.
It also approved increased domestic revenues of over 22 percent per year, while limiting net domestic borrowing to no more than 1.7 percent per year by 2028.
Foreign exchange reserves are targeted at a minimum of three months of import cover.
This is contained in a statement issued by Chief Government Spokesperson Cornelius Mweetwa to update the nation on the decisions made by the 13th special cabinet meeting held on Friday.
President Hakainde Hichilema called the meeting to deliberate on policy issues regarding the 2026-2028 MTBP and the 2026 budget preparations.
Mr Mweetwa said Cabinet also approved the need to rationalise tax incentives, saying it will result in evaluation of existing tax exemptions and development of an effective fiscal incentive framework that supports both the growth of the economy and the growth of the tax base….https://enews.daily-mail.co.zm/welcome/home
