Zambia approves draft 2027 budget
By the AFREEQUE newsroom, based on News Diggers
The Zambian government approved the draft national budget for 2027, which is due to be presented to the National Assembly on Friday. President Hakainde Hichilema called for prudent management of public finances to preserve macroeconomic stability and support the Grow Zambia development agenda, according to spokesperson Elvis Nkandu.
The Zambian government approved the draft national budget for 2027 at a cabinet meeting chaired by President Hakainde Hichilema at State House on Friday 30 October 2026. The budget is due to be presented to the National Assembly on Friday, according to the government’s chief spokesperson, Elvis Nkandu, quoted by News Diggers.
The cabinet called for prudent management of public finances in 2027. Elvis Nkandu also said macroeconomic stability would remain essential to implementing the Grow Zambia agenda, President Hichilema’s economic development programme.
The 30 October meeting was the cabinet’s third since the start of Hakainde Hichilema’s second term. The ministers also examined other measures intended to support national economic development, according to News Diggers.
The approval came after Hakainde Hichilema called for support for the Grow Zambia development agenda on 4 October, while the government wants to expand social transfers through public revenue, according to an announcement on 9 October.
