State to continue quest to lower borrowing

MINISTER of Finance Margaret Mwanakatwe (centre) cutting a ribbon to officially launch the Zambia Credit Guarantee Scheme in Lusaka on Wednesday. Looking on is board chairman Chisha Mwanakatwe (right) and chief executive officer Francis Musonda. Government has invested US$5 million as start-up capital. PICTURE: BRIAN MALAMA

GOVERNMENT will continue lowering borrowing and debt to remain on a sustainable fiscal path, matching revenue with expenditure.
Minister of Finance Margaret Mwanakatwe said Government will only focus on priorities.
“By 2021, our fiscal deficit should not be greater than 5.1 percent, the journey to stability must be on the basis of stability, particularly in the macroeconomic fundamentals,” she said.
She said this in a speech read on her behalf by Minister of Works and Supply Felix Mutati during an investors’ meeting on opportunities for investments in Zambian fresh produce wholesale market.

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