Zambia proposes K284.8 billion budget for 2027
Domestic revenue will fund 82.1% of the budget, a significant increase from previous years.
Zambia has proposed a K284.8 billion national budget for 2027, with domestic revenue expected to finance K233.7 billion, representing 82.1% of the total expenditure. This marks a substantial increase in self-reliance compared to 58.7% in 2021 and 76% in 2024.
Of the K90.5 billion allocated to general public services, K67.6 billion will be directed towards debt servicing, including K50.8 billion domestically and K16.8 billion externally. An additional K4.7 billion is set aside to clear arrears for suppliers and contractors, potentially enabling businesses to resume operations.
Economic affairs will receive K75.9 billion, with K22.7 billion specifically for agriculture, fisheries, and livestock. This includes K9.1 billion for farmer input support and K100 million for beef compartments to boost exports, alongside a planned agricultural loan scheme starting in 2027.
Why it mattersZambians may see improvements in food availability, job opportunities, affordable transport, medicines, and education due to the budget's focus on domestic revenue and key economic sectors.