Govt releases K21.1bn to support public services, food security
BUSINESSBy Shadreck Jere
Source: News Diggers
The Zambian Ministry of Finance and National Planning has announced the release of K21.1 billion to finance vital public services, bolster food security, and support developmental programmes across the country. According to a statement issued by the Treasury, the substantial financial release is designed to maintain momentum in public service delivery while providing targeted safety nets for vulnerable citizens amidst ongoing economic adjustments. Of the total K21.1 billion disbursed, a significant portion amounting to K6.3 billion was channeled towards transfers, subsidies, and social benefits. Crucially, this allocation included a direct injection of K2.7 billion to the Food Reserve Agency (FRA) to fortify national food security reserves. This intervention comes at a critical time when agricultural stability and food availability remain paramount priorities for households nationwide, particularly following recent climatic and economic headwinds. In addition to food security measures, the Treasury disbursed K4.3 billion toward domestic and external debt service commitments, alongside the ongoing dismantling of domestic arrears. Financial analysts note that maintaining consistent debt servicing and clearing historical arrears are vital components of Zambia's broader economic recovery strategy under its ongoing fiscal restructuring programs, helping to restore long-term confidence among local suppliers and international partners alike. Furthermore, the latest financial releases factored in robust support for general government operations and public administration, with K3.4 billion dedicated to operational logistics and line ministry functions. Capital expenditure also received a notable share, with K1.2 billion directed toward infrastructure development projects intended to stimulate local economic activity, improve connectivity, and enhance public infrastructure delivery across various provinces. Secretary to the Treasury Felix Nkulukusa emphasized that these r