Zambia eyes K284.8 billion budget financed domestically
Finance Minister Situmbeko Musokotwane presented the 2027 budget with 82.1 percent from local revenue.
Finance Minister Situmbeko Musokotwane presented Zambia's K284.8 billion national budget for 2027, aiming for 82.1 percent domestic revenue financing.
The proposed budget, representing 28.4 percent of GDP, will draw K41.9 billion from borrowing and K9.2 billion from grants, with the minister stating, “There are no donors to pay, we must pay ourselves.”
Revenue measures are expected to raise an additional K10.8 billion, balancing support for productive activities with fair contributions from individuals and businesses.
Why it mattersZambians will contribute more through domestic revenue to finance the national budget.