Ministry of Finance and National Planning Economist Samantha Longwe has disclosed that government has allocated K52 billion towards domestic debt servicing in the 2026 budget.
Making a presentation during a citizens budget dissemination meeting, Ms Longwe stated that 21.7 billion will be used to repay borrowed external and domestic loans.
“We have K4.7 billion which will be used to pay arrears to local suppliers of goods and services to ensure that there is enough money circulating in the economy” Ms Longwe said.
Ms Longwe further stated that K1.2 billion has been allocated towards conducting general elections while K1.4 billion will be for local government equalisation fund.
Officiating at the meeting Provincial Deputy Permanent Secretary Luckson Mulumbi stated that budget implementation affects everyone therefore it is imperative for every stakeholder to understand it’s content.