How much will Zambia spend on local government equalisation fund?
The Government will spend a total of K4.7 billion towards the Local Government Equalisation Fund to support all local authorities across the country in delivering key public services. Further, a total of K9.1 billion has been allocated to the Zambia Revenue Authority to enhance domestic revenue mobilisation. 135.
What is the government doing to help SMEs in Zambia?
Additionally, the Government has increased budgetary allocation to the Zambia Credit Guarantee Scheme to further facilitate access to affordable financing by SMEs. 62. The Government will also continue constructing industrial yards to accelerate enterprise development.
Will bank of Zambia operationalise the Financial Stability Committee in ?
To limit disruptions in the provision of financial services, the Bank of Zambia will continue to focus on strengthening the macro-prudential function. In this regard, the Bank of Zambia will operationalise the Financial Stability Committee in in accordance with the Bank of Zambia Act, to maintain overall stability of the financial system.
How much money did Bank of Zambia outflow in ?
Notable outflows in included net Bank of Zambia foreign exchange sales for market support (US$1.5 billion), primarily for critical agricultural, petroleum, and health products, as well as other government uses (US$546.7 million).
Why did the bank of Zambia tighten monetary policy in November ?
16. In response to rising inflation, the Bank of Zambia tightened monetary policy by raising the Policy Rate to 11.0 percent in November from 9.0 percent in November . In addition, the statutory reserve ratio was increased by 800 basis points to 17.0 percent in November .
How much money did Zambia spend on FISP?
Notable expenditures under this category included K20.8 billion towards the Farmer Input Support Programme (FISP), K15.5 billion as transfers to Grant Aided Institutions, K6.1 billion to Zambia Revenue Authority (ZRA) and K3.7 billion to the Local Government Equalisation Fund (LGEF). 36.
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