Brief look at Zambia’s 2016 National Budget; focusing on the Health Sector
The Zambian Government in the 2016 National Budget proposes to spend K53.14 billion, representing 25.8 percent of GDP. This is K6.44 billion more than the 2015 proposed budget of K46.7 billion representing 24.6 percent of GDP. The 2016 National Budget whose theme is “Fiscal Consolidation to Safeguard Our Past Achievements and Secure a Prosperous Future for All” has been presented in the wake of a sluggish global economy which has hurt Zambia’s economy, thus making difficult for the majority of Zambians to make ends meet. The Government has had challenges implementing the 2015 Budget because of the fall in copper prices, the depreciation of the Kwacha, higher interest payments and the need to clear arrears for fuel and crop purchases. It is on account of these challenges that the 2015 Budget deficit is expected to widen to 6.9 percent of GDP from the projected 4.6 percent of GDP. This has had an undesirable impact on the health sector posing challe...