Zambia's finance minister presents $6.6bn budget to parliament

Zambia's finance minister has presented a 64.5 billion kwacha ($6.6 billion) budget to parliament.

The 2017 budget contains proposed measures aimed at curbing the country's budget deficit at a time when commodity price slumps have forced mine closures in the country as well as caused a rise in unemployment and food prices.

Finance Minister Felix Mutati told parliament that Zambia would cut its fiscal deficit to 7 percent of Gross Domestic Product (GDP) in 2017 from the 2016 projection of 10 p…
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