DevelopmentalEconomyLocal News

Govt releases K14.9bn for developmental projects – Musokotwane


By NATION REPORTER
GOVERNMENT has released K14.9 billion for different developmental; programmes, Finance and National Planning Minister, Situmbeko Musokotwane has announced.
Dr Musokotwane said of the released amount, K688.2 million was meant for the implementation of various developmental programmes and general operations with K314.9 million to be spent on road infrastructure.
He says K8.2 billion was for debt service (domestic and external) and other liabilities, K3.7 billion for the public service wage bill and K1.9 billion for transfers, subsidies and social benefits.
He said from the K1.9 billion under the transfers and subsidies category, some notable expenditure items that got funding in May, 2023, included Social Cash Transfer programme, K731.9 million, operations of hospitals and other Government grant aided institutions, K266.8 million, Public Service Pension Fund (PSPF) financing gap and grant, K185.6 million, operations of public universities, K115.1 million; and local Government Equalization Fund, K111.6 million.
Dr Musokotwane said in the same month, government released K688.2 million to facilitate effective public service delivery under various public institutions.

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