ECONOMIST CALLS ON FINANCE MINISTER TO CONDUCT MIDTERM BUDGET REVIEW

A renowned economist Yusuf Dodia has called on the minister of finance and national planning Dr.Stumbeko Musokotwane to have a midterm review of the execution and implementation of the 2022 national budget.

Mr. Dodia said this is in bid to find out the shortfalls with regards to the budget and how to adjust the budget implementation and obligations in terms of debts servicing.

Mr. Dodia questioned government’s motive towards the acquisition of a supplementary budget of 22 billion kwacha when it is failing to raise resources to meet the intended budget of hundred and seventy billion kwacha.

“We also have challenges in executing our budget because it is formulated in such a way, that 45 percent of our budget is based on domestic taxes, fines and borrowing,” he said.

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