Zambia targets $80 billion economy by 2031
By the AFREEQUE newsroom, based on News Diggers
Zambia’s Secretary to the Treasury, Felix Nkulukusa, says Zambia can reach an $80 billion economy by 2031 if it meets its growth targets, starting with those in the 2027 budget. He expects domestic revenues to reach 23.6% of GDP by 2029, according to remarks at the 2027 national budget symposium reported by News Diggers.
Zambia’s Secretary to the Treasury Felix Nkulukusa believes Zambia can increase the size of its economy to $80 billion by 2031 if the country meets its growth targets, starting with those in the 2027 national budget. He was speaking on Monday at the symposium on the 2027 national budget, reports News Diggers.
Minister of Finance and National Planning Situmbeko Musokotwane called for policies and regulations to be changed to enable the private sector to support growth, with an economy more focused on exports. Domestic revenues are expected to reach 23.6% of GDP in 2029, compared with a previous projection of 22%, according to Felix Nkulukusa.
The 2027 Zambian national budget includes measures aimed at supporting the government’s economic objectives. Zambia is planning a budget of 284.8 billion kwacha for 2027.
