FOREWORD
On Friday, 27 September 2024, the Minister of Finance and
National Planning, Dr Situmbeko Musokotwane, presented to the
nation a ZMW217.1 billion National Budget for the 2025 fiscal year.
This is an increase of 22.6% from the ZMW177.9 billion budget
presented for 2024. This is amidst challenges of reduced global
economic growth, continued monetary policy tightening in advanced
economies, adverse effects of climate change, as well as the
geopolitical tensions.
It is worth noting that the Zambian Government is working to
address economic challenges, including the impact of drought and
external debt payments, with the goal of stimulating economic
growth. It is on the back of this that the theme for the 2025
budget is "Building Resilience for inclusive growth and
Improved Livelihoods". The Budget focuses on four key areas as
follows:
