New fiscal rule proposed under NDP11

Presenting the 11th National Development Plan (NDP11) to Parliament Wednesday, Finance minister Kenneth Matambo said the proposed rule is aimed at ensuring that revenues from non-renewable sources are largely invested in physical, financial and human capital that have potential to promote future growth, as well as to take into account the interest of future generations.

NDP11 is a medium-term socio economic planning framework covering a six-year period from April 1, 2017 to March 31, 2023.