Matambo treads budget tightrope

Matambo will present the 2015/ 16 budget on Monday
Matambo will present the 2015/ 16 budget on Monday

It’s a dicey balancing act that Finance Minister Kenneth Matambo has to execute on Monday when he unveils the 2015/16 National Budget.

Stagnant public revenues and rising needs set against growing public expectations on promoting inclusive growth leave him with a plethora of urgent priority tasks which cannot be implemented simultaneously.

With the new fiscal rule demanding that government sets aside up to 40 percent of mineral revenues to buffer financial savings, the need to post another   budget surplus has added pressure to the mounting concern over the inadequacy of resources channelled towards driving poverty eradication, income equality and job creation.

Editor's Comment
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