The 2018 pre-budget seminar ended yesterday with treasury committing itself to meet the stakeholders expectations by coming up with a budget that prioritises social protection, development expenditures and contain the unsustainable budget deficit estimated at $1.8 billion for 2017.
Robust discussions, constructive and interactive engagements characterised the just concluded 2018 pre-budget seminar held in Victoria Falls as legislators and cabinet ministers sought to come up with solutions to challenges facing the economy and strategies to consolidate economic gains through domestic resource mobilisation.
Newly appointed Finance and Economic Development Minister Dr Ignatius Chombo commended the legislators for the valuable contributions adding that the 2018 budget will prioritise social protection, expanding the revenue base and ensuring fiscal discipline.
Running under the theme: ‘“Consolidating Economic Development, Transformation through Domestic Resource Mobilisation’, the 2018 pre-budget seminar sought to give platform to the government officials to come up with ways of improving revenue collections and moving away from the static budget of around $4 billion.
Speaker of the National Assembly Advocate Jacob Mudenda thanked the participants for the constructive engagements in determining the 2018 budget priorities and reminded the legislators of the significance of the budget as an expression of a nation’s values and aspirations.
Among some of the issues that dominated that pre-budget seminar is the need to address the cash challenges, reduction of the unsustainable government expenditure bill, parastatals reform and strengthening of resource mobilisation efforts.