Zambia Targets 5 Percent Growth for 2027
Zambia plans to maintain economic growth around five percent next year while cutting its fiscal deficit to three percent of GDP. Finance Minister Situmbeko Musokotwane outlined the new budget details following recent support from the International Monetary Fund.
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Zambia will target 5% economic growth next year while halving its fiscal deficit, Finance Minister Situmbeko Musokotwane said on Friday afternoon. The deficit swelled this year due to fuel tax cuts and emergency maize purchases. The Southern African nation is working to cement its recovery after emerging from a prolonged debt crisis.
