Zambia’s government projects a 7% rise in spending in next year’s budget, the Finance Ministry said \u200cthis Monday during public hearings ahead of the official budget presentation.<\/p>\n
<\/p>\n
Total expenditure is projected at 271.9 billion Zambian Kwacha ($13.8 billion) next year<\/p>\n
<\/p>\n
Revenue is expected to \u2060increase by about 6% to 218.6 billion Kwacha ($11.1 billion).<\/p>\n
<\/p>\n
Next year’s borrowing is seen at 44.9 billion Kwacha ($2.3 billion), 37.3 billion ($1.9 billion), which is domestic and 7.7 billion ($391 million) external. That is up from 34.5 billion ($1.8 billion) of borrowing this year<\/p>\n
<\/p>\n
Economic growth is expected to \u200creach \u20605.3% this year, below the 6.4% projection made when the 2026 budget was presented a year ago.<\/p>\n
<\/p>\n
Copper output is expected to rise \u2060to 1.08 million metric tons in 2027, 1.25 million tons in 2028 and 1.40 million \u2060tons in 2029. Copper output was 890 346 metric tons in 2025, missing the \u2060target of 1 million tons.<\/p>\n
<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":31103,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-47294","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Zambia's government projects a 7% rise in spending in next year's budget","published_date":"","news_description":"Zambia's government projects a 7% rise in spending in next year's budget","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47294\/revisions"}],"predecessor-version":[{"id":47295,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47294\/revisions\/47295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/31103"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=47294"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}