The Ministry of Finance in Africa’s second largest copper producer Zambia will release progress on the Medium Term Expenditure Framework (MTEF) this week as confirmed by sources at the MinFin. In a path of fiscal fitness restoration, Zambia presents progress on the MTEF annually just before estimates of revenue and expenditure for the following year.
The copper producer grapples with a widening fiscal deficit and rising debt which the MinFin has taken steps to reign for sole purpose of macroeconomic stability.
Markets are expectant at time when Zambia’s growth to risks are high amidst an energy crisis and food security risks that have weighed growth expansion at a time when the country is laden with balance sheet vulnerabilities.
BT
