Comments on the Medium-term Budget Plan 2024-2026 (Green Paper) for Submission to the Planning and Budgeting Committee

This window of consultation on this critical document sits within the interest of CSPR and JCTR in view of our mandate. The two organizations have over the years been working together to monitor the macroeconomic fundamentals, their effects on public service delivery and poverty while advocating for appropriate policy and practice to improve the wellbeing of citizens within the context of a good governance environment. The Zambian economy has been undergoing a lot of challenges due to various factors ranging from both external and internal domestic forces. Various factors have contributed to the low economic performance such as the delayed debt restructuring process with Zambia’s creditors. Zambia’s debt contraction has not materialized into economic growth and growing debt servicing costs have weakened the economy and in turn stifled tax revenue collection.