Consumer recovery etwork household budgeting worksheet. Subscribe to receive the latest bdo news and insights. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2010 to 31st december 2010. Health having a budget execution rate of 92 per cent in 2016, the. This is essentially the pf plan for reelection as this will be last budget outline before the elections in 2016 actual budget due next month. The 2018 budget seeks to implement a number of measures aimed at increasing the tax base. The budget is focused on consolidating gains made in the past year of promoting fiscal fitness.
The cash budget was supposed to bring down inflation, restore fiscal discipline, and contribute to economic growth. It is based on the information available at the time it was completed on may 5, 2015. Alexander chikwanda mp, minister of finance and national planning delivered to the national assembly on 9th october 2016. We are introducing a broad range of policy reforms in the agriculture sector starting with crop diversification, that is, the range of crops in the farmer input support programme, apart. The overview gives a guide on the measures announced in the budget as reflected in the various bills, statutory instruments and commissioner generals rules that contain the enabling legislation. Analysis of nutritionsensitive budget allocations scaling up. The amendment is intended to align the date for submitting final returns to the current fiscalbudget year, that is, 1st january to 31st december.
Nov 11, 2016 zambia plans to narrow its budget deficit next year as africas secondbiggest copper producer prepares to start negotiations with the international monetary fund over an aid package. Budget support was especially effective in sectors and situations where there was. Delivered to the national assembly on friday, 11th november, 2016. Part i gives an overview of the global developments and their impact on the domestic economy. Felix chipota mutati mp, delivered the 2018 budget address to parliament and the zambian nation themed accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind. Ranking of the country zambia at the global level is from the highest to the lowest data. Introduce the objective of the session and expected outcomes 2. Sir, global economic growth in 2016 is projected at 3.
Deviation of actual expenditures over 2014 budget by vote. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2012 to 31st december, 2012 presented to the. Zimbabwe worksheet log in or become a member to download. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january 2014 to. Zambia independent evaluation group world bank group. Finance minister alexander chikwanda delivered the budget statement 2014 today. Grant thornton zambia budget bulletin 2016 2 2016 budget commentary the 2016 national budget was presented by the honourable minister of finance to the national assembly on 9 october 2015. We acknowledge the increase to social protection from 2. The theme of the 2016 budget is fiscal consolidation to safeguard our past achievements and secure a prosperous future for all.
The national budget contains the plans that government. Civil society engagement in the national budget process 3 engagement as a process, not an event that closely involves people in the economic, social, cultural and political process that affect their lives. The minister of finance on 11th november, 2016 presented the national budget to the national assembly. This follows the release of the medium term expenditure framework mtef by the ministry of finance last week. Inflation is now expected to fall to single digit by year. In the 2016 budget the government had been extremely ambitious on nontax revenue collection, and on failing to realize the collections in 2016, has made more reasonable projections. Consumer recovery network household budgeting worksheet please make a photocopy of this document prior to using it, so you have a blank page to use again if you make any mistakes. Weathering the storm zambias 2016 national budget pwc analysis and outlook commentary mining sector and on the economy as a whole. Reduced 2016 education budget disappoints the zambia. Reform to perform zambias 2018 national budget september 2017 welcome this pwc budget bulletin summarises the governments key proposals for 2018. Sir, the loss of our president was a devastating blow to us all.
This implies that civic or citizen engagement is an. It is based on the information available at the time it. Fy 2016 budget revised 28 november 2016 proposed activity. But as always, i thought it was more important getting it across to you speedily. Sep 02, 2015 zambia mtef 2016 18 and 2016 budget the government has released the medium term expenditure framework mtef for 2016 2018 and the outline for the 2016 budget. Table 2 presidents malaria initiative zambia fy 2016 budget revised 28 november 2016 proposed activity. Despite this, the budget projection has increased from k53.
With a current depressed economy, one wonders how the target of k64. The theme is accelerating fiscal fitness for sustained inclusive growth, without leaving anyone behind in line with the countrys seventh national development plan. This svdp would run concurrent with the permanent vdp and its particular purpose is to provide affected taxpayers with an opportunity to regularise unauthorised foreign assets. Budget tracking and budget analysis training manual 2 session 1 1. Pdf a manual for local government financial management in zambia. Growth in advanced economies is expected to strengthen to 2. Headline messages as a share of the overall budget, the 2016 allocation for the education sector is the lowest in. Also, use the worksheet to plan for next months budget. The amendment is intended to align the date for submitting final returns to the current fiscal budget year, that is, 1st january to 31st december. To compensate for the zk 500m loss arising from the withdrawal of mining duties. The budget is focused on consolidating gains made in the past year of promoting fiscal fitness and anchoring the five strategic pillars outlined in the seventh national development plan. Subsaharan african growth is projected to expand to 2.
Sep 21, 2015 bcc submision to the 2016 national budget on september 21, 2015 february 23, 2016 the british chamber of commerce has made a submission to the ministry of finance in regard to the 2016 budget, per the downloadable file below. Zambia national education coalition zanec executive director grace manyonga said the sector had been allocated a total of k9,143,215,926 17. This implies that civic or citizen engagement is an ongoing process that requires continuous participation. Make a budget use this worksheet to see how much money you spend this month. Tax rates 2016 corporation tax rates 2016 2015 mining 30% 30% variable profits tax where income exceeds 8% of gross sales up to 15% up to 15% income from tolling and metal processing 35% 35% manufacturing and trading 35% 35% farming business 10% 10% banking profits 35% 35% profits from production of chemical fertilizers 15% 15%. Parliament has unanimously approved the 2017 national budget. Government has undertaken shortterm measures to address the problem, including importing emergency power from abroad, but admits that this is not a sustainable solution. We are introducing a broad range of policy reforms in the agriculture sector starting with crop diversification, that is, the range of crops in the farmer input support programme, apart from maize will also include rice, sorghum, cotton and groundnuts. Speaker, the global economy is projected to grow by 3. This location and fact worksheet is a great place to.
Annual inflation declined significantly from a peak of 22. The impact of cash budgets on poverty reduction in zambia. Speaker, i beg to move that the house do now resolve into committee of supply on the estimates of revenue and expenditure for the year 1st january, 2016 to. In addition to improving budget execution, this will give added meaning to parliaments paramount role in deciding how public monies are spent. The theme for this years budget is restoring fiscal fitness for sustained inclusive growth and development. This is why the subject of the 2017 budget is restoring fiscal fitness for sustained inclusive growth and development. Introduce the following concepts and terminologies budget, expenditure, revenue, budget tracking and accountability by soliciting participants understanding of the terms through illustrationsstories 3. The 2016 national budget is an important undertaking for the current government administration in more ways than one. Each country submitted an excel spreadsheet with all the budget line items identified, the. Commenting on the 2016 budget, deloitte said it is not clear from data provided in the 2016 budget speech whether government will reduce growth in consumption expenditure, particularly whether it. A database is being maintained for foreign debt and a spreadsheet is used for domestic. The 2016 national budget statement building a conducive environment that attracts foreign direct investment presented to the parliament of zimbabwe on 26 november, 2015 by hon. Revisiting 2017 pledges in anticipation of 2018 budget. Fiscal consolidation the minister noted that in light of challenging economic conditions fiscal consolidation to safeguard our past achievements and secure a prosperous future for all would be the theme of the 2016 budget.
Refileupdate 2zambia to cut budget deficit, sees higher. The tone for the 2016 national budget has been set and the stakeholders, at least, know what to expect come october 2015. Pdf this manual, supported by the school of the built environment at. March 2016 journal of environmental planning and management. The cash budget in zambia is a clear example of a wellintentioned macroeconomic policy that has had an adverse impact on poverty outcomes over the years. The pf has this year only managed to scratch 3 percent growth in 2016, is the worst economic. National budget address for the fiscal year 1st january 20 to 31st december 20 presented to the national assembly on 12th october 2012. Use this worksheet to see how much money you spend this month. Zambia budget 2016 beat the odds 5 budget deficit to widen to 6. This landmark decision will ensure that the budget is implemented over a full twelvemonth period. Great work by the way from the zambia revenue authority who have also got it on their website in record time. It also includes our initial comments and analysis of the budget proposals, which were presented by minister of finance, honourable felix c. Implementation, direct effects and political economy. Republic of zambia 2018 budget address by the minister of.