Economist Emphasizes Need for Zambia to Generate Own Income to Finance National Budget

An Economist says Zambia needs to get to a level where it is able to generate its own income to finance the national budget and developmental projects.

Speaking in an interview with Money FM News, Andrew Nsunge-Nsunge says there is need for the country to create a resilient economy to enable the generation of income.

Mr. Nsunge however, notes that the government has made strides in the local financing of the national budget, as 80 percent of the 2025 national budget will be financed by domestic revenue.

He adds that the government must work on improving the financing of the budget from a pool of local resources to stop depending on debt and grants from international donors and partners.

And Mr. Nsunge has welcomed the three million Euros per year investment by the Czech Republic into Zambia.

Recently, the Czech Republic through its ambassador to Zambia Pavel Prochazka, revealed that it will be investing three million Euros per year in various sectors of the economy from 2024 up to 2030.