In September 2024, the Ministry of Finance and National Planning allocated K15.9 billion to support developmental programs and public service delivery. This allocation included K5.1 billion for transfers, subsidies, and social benefits, K1.9 billion for developmental programs and general operations, and K524.5 million for capital expenditure. Additionally, K4.3 billion was designated for the public service wage bill, while K4.1 billion was spent on both domestic and external debt servicing and arrears.
The K5.1 billion earmarked for transfers and subsidies included K2 billion for social cash transfers, K612.1 million for the operations of grant-aided institutions and public hospitals, and K246.3 million allocated to the Constituency Development Fund for community projects. Other significant expenditures included K145.4 million for public universities and student loans, K120.8 million for the Local Government Equalization Fund, and K100.5 million for the Food Security Pack Programme. Furthermore, K1 billion was released to the Food Reserve Agency, K500 million for the Farmer Input Support Programme, and K346.8 million as an operational grant for the Zambia Revenue Authority.
In terms of general operations, K1.9 billion was released to facilitate various government initiatives, including K256.8 million for the Zambia Devolution Project and K250 million for the Cash for Work program in various constituencies.
Capital expenditure received K524.5 million, with K279.7 million allocated to the Rural Electrification Authority and K200 million for ongoing road infrastructure projects. An additional K44.8 million was directed towards infrastructure projects under various ministries, provinces, and agencies.
To address its debt obligations, the government allocated K4.1 billion, with K3.3 billion for domestic debt servicing, K463.1 million for the ongoing domestic arrears dismantling program, and K380.2 million for external debt service.
Finance and National Planning Minister Dr. Situmbeko Musokotwane highlighted the government’s commitment to reducing its debt burden, stating that significant progress in restructuring external debt has reestablished credibility on the global stage. He emphasized that these efforts are foundational for fostering resilience, inclusive growth, and improved livelihoods for all citizens.
Additionally, the government expended K4.3 billion on the public service wage bill, covering costs for health workers, teachers, and overseas allowances for Zambian diplomats stationed abroad.
