Key Fiscal Indicators
Fiscal Deficit Target
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Target for the year, reflecting fiscal consolidation efforts.
Public Debt to GDP
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Projection post-debt restructuring, aiming for sustainability.
Total National Budget
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Total approved/projected expenditure for the fiscal year.
Real GDP Growth Target
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Forecast driven by mining recovery and agricultural resilience.
Projected Revenue Breakdown
How the government plans to finance the Budget (Source Mix):
Tax revenue remains the largest component, with a focus on improving domestic resource mobilization (DRM).
Expenditure Allocation by Sector
Major spending categories based on the current fiscal plan:
General Public Services (dominated by debt service) and social sectors (Education & Health) represent the largest outlays.
Fiscal Management Focus (2024)
Debt Restructuring and Stability
The primary focus for **2024** is achieving **macroeconomic stability** and concluding the final stages of the **external debt restructuring** under the IMF ECF program. Success here is critical to freeing up funds for social services.
- **Objective:** Restore debt sustainability to meet long-term fiscal targets.
- **Domestic Debt:** Limit domestic borrowing to **2.5% of GDP** (2024 target, expected outturn higher) to reduce crowding out the private sector.
- **Revenue Reform:** Sustaining high Domestic Resource Mobilization (DRM) through improved tax collection by the Zambia Revenue Authority (ZRA).