2016 budget for ongoing infrastructure projects

THE 2016 National Budget will be designed with the aim of completing the many economic infrastructure projects that are currently underway and in progress and would only commence new projects had immediate impact on the lives of the people, Government has said.
The Government has also decided that the Green Paper on the 2016-2018 medium term had been factored to consolidate its fiscal position in order to safeguard macroeconomic stability with the aim of creating fiscal space for vital public service and infrastructure development.
Chief Government spokesperson Chishimba Kambwili told journalists yesterday at State House after the 17th Cabinet meeting that Government would only commence new infrastructure development projects such as health, education and those of the social sectors because they would have immediate impact on the lives of Zambians.
Mr Kambwili who is Information and Broadcasting Services minister, said Government will during the 2016-2018 medium term consolidate its fiscal position to safeguard the macroeconomic stability and create space for the infrastructure development such as roads, bridges, the construction of universities, schools and hospitals as well as the building of rural health centers.
He said Government had also decided that the macroeconomic and fiscal objectives for the medium term would aim at maintaining a positive and broad-based growth trajectory, macroeconomic stability and fiscal consolidation.
Mr Kambwili said Government was putting a lot of emphasis on the attainment of inclusive growth in its 2016-2018 mid term through sustainable development goals.
He said with the approval of the Green Paper by Cabinet, stakeholders were encouraged to study the document and provide comments that would assist Government refine its developmental objectives in the medium term.
“At its 17th Cabinet Meeting, Government has decided that the 2016 national budget will be designed with the aim at completing the many infrastructure projects that are currently underway countrywide and that only start those that have an immediate impact on the lives of the people especially in health, education and generally, the social sector.
Government will during the 2016-2018 medium term, consolidate its fiscal position in order to safeguard macroeconomic stability and create fiscal space for vital public services and infrastructure development such as roads, bridges, building of universities, schools, hospitals, clinics and rural health centres among others,” Mr Kambwili said.
Mr Kambwili said Government had also decided that major capital projects would have to be undertaken through the Public, Private Partnership (PPP) model to ensure quicker project implementation without exerting cash-flow pressures on the Treasury.
He said Cabinet had also approved to finance the completion and upgrading of 98 hard standing slabs into covered sheds which would be undertaken by the Food Reserve Agency (FRA).

Categorized | Business

One Response to “2016 budget for ongoing infrastructure projects”

  1. Waza says:

    “…..creating fiscal space for vital public service and infrastructure…” This must include Zesco, please please!

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