Zambian Govt Releases 2025-2027 Medium Term Budget Plan Green Paper
The Government of Zambia, through the Ministry of Finance and National Planning, has released the Green Paper for the 2025-2027 Medium Term Budget Plan (MTBP).
The document outlines the country’s revenue and expenditure objectives for the next three years, aligning with the goals of the 8th National Development Plan (8NDP) and Vision 2030.
The MTBP aims to enhance private sector investment, especially in key sectors such as agriculture, tourism, manufacturing, mining, and energy. It also emphasizes the use of modern technology and social protection interventions to support economic growth and resilience.
“The 2025-2027 period represents the concluding years of the Eighth National Development Plan, focusing on economic transformation, job creation, human and social development, environmental sustainability, and good governance,” the statement reads.
Despite recent challenges like high poverty levels, droughts, and electricity disruptions, substantial progress has been made in creating a stable macroeconomic environment, implementing free education policies, and expanding bursary schemes.
The government highlights that economic growth in the medium term is projected to average 6.0 percent annually. Growth rates are expected to reach 6.6 percent in 2025, 5.9 percent in 2026, and 5.6 percent in 2027. This growth is anticipated to be driven by recovery in the mining and agriculture sectors and the implementation of development reforms.
To achieve these objectives, the government is focusing on enhancing collaboration with international partners and investors. Creating a stable and transparent economic environment is crucial to attracting foreign direct investment, which will drive innovation, boost productivity, and generate sustainable jobs.
The MTBP also includes plans to improve public sector efficiency through digitalization, streamlining processes, and reducing bureaucratic barriers, making public services more accessible and effective for all citizens.
Public input is encouraged, and stakeholders are invited to submit their comments on the MTBP Green Paper by August 2, 2024. The government believes that through collective efforts and active participation from all sectors of society, the objectives set forth in the Green Paper will lead to a more resilient and inclusive economy, ensuring no one is left behind.
