EconomyHeadline News

GOVT RELEASES K11.9BN

The Ministry of Finance released K11.9 billion   to finance public service delivery in August, 2022.

Of this amount, K3 billion  went towards the wage bill for various public service workers including health, teaching, and service personnel.

Secretary to Treasury, Felix Nkulukusa said K537.6 million went towards payment of redundancy packages for former Indeni workers, K227.4 million for the Food Security Pack, K200.7 million for the youth and women empowerment component under the Constituency Development Fund.

He said K133.4 million for the operations of grant aided institutions in Government ministries, K111.6 million to the Local Government Equalisation Fund, K97.6 million for operations of universities; and, K67.5 million towards hospital operations in various regions. Mr Nkulukusa said K449.2 million was for dismantling of arrears for suppliers of goods and services and K399.6 million   was released for dismantling of fuel arrears.

Meanwhile, Mr Nkulukusa said the Treasury disbursed a subsidy of K100 million for payment of arrears under the Farmer Input Support Programme (FISP).

He said K500 million was released for the Social Cash Transfer Programme, and K300 million to the Public Service Pension Fund.

He said the Treasury also released K758.5 million towards capital projects. -ZNBC.

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