Sunday, January 15, 2012

ZAMBIA PUBLIC EXPENDITURE PROCESS TIGHTENED


Secretary to the Treasury, Fredyson Yamba has announced tightened public expenditure reforms, aimed at improving accountability over tax-payers money.
Mr Yamba also says the reforms will also advance the utilisation of public resources .
He has noted that it is important that public funds are used to create and provide quality services to the Zambian populace.
The reforms have been reinforced by the government's drive as spelt out in the National Vision 2030 and other policy documents including the Sixth National Development Plan for the period 2011 to 2015.
The reforms come amid the protracted continued abuse of public funds in the civil service as noted by the past Auditor-General’s reports.
Meanwhile, the national revenue mobilisation agency, the Zambia Revenue Authority has projected to collect 19 trillion kwacha this year.
This is against a 27 trillion kwacha 2012 national budget announced by the Patriotic Front government last year, up from the 20 trillion kwacha budget for 2011.
The national news agency, ZANIS has reported this, quoting ZRA Director of Finance, Kabaye Mwale.

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