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ZAMBIA TO CUT FISCAL DEFICIT BY 4%

Posted by David Ngenda on Wed 28 June, 2017

(Reuters) - Zambia's fiscal deficit will narrow significantly in the next three years, from 7.2% of GDP this year to 3% in 2020, as the copper producer cuts down loan defaults, the finance ministry said on Tuesday.

"What we need to do now is to stop the accumulation of arrears, then the fiscal deficit will keep going down. By 2020 we should reach 3% of GDP," Mukuli Chikuba, the permanent secretary in the finance ministry, told a news briefing.

By Chris Mfula;

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Finance FISCAL DEFICIT NATIONAL BUDGET zambia