Government release K268 million to settle owed suppliers

The Government yesterday announced the allocation of K12.7 billion through the Ministry of Finance and National Planning in October, underscoring its commitment to national development.

Of this amount, K268 million was released to settle arrears owed to suppliers of goods and services, recognizing challenges faced by Micro, Small, and Medium Enterprises (MSMEs).

In a statement yesterday, the ministry of finance disclosed that K2.8 billion was designated for transfers and subsidies, including K513.7 million directed to the Constituency Development Fund (CDF).

The funds supported secondary schools, skills development bursaries, and youth and women empowerment, according to a statement from the Ministry.

An additional K537.9 million was channeled towards grants for the free education policy in public schools, ensuring increased accessibility.

Targeted funding was also directed to various initiatives such as hospitals, the Social Cash Transfer Programme, and the Local Government Equalization Fund.

A substantial K2 billion was earmarked for general government programs and operations, covering K1.4 billion for diverse projects, K471.4 million for road infrastructure, K105 million for water and sanitation, and K38.4 million for the Rural Electrification Programme.

“Another K2 billion was released for capital expenditure, focusing on projects in Ministries, Provinces, and Agencies, as well as investments in road infrastructure, water and sanitation, and rural electrification,” the statemen revealed.

To address debt obligations, the Government allocated K2.2 billion for debt service, covering both domestic and external commitments.

In addressing the critical aspect of public service, K3.7 billion was devoted to the timely payment of wages. Future plans include recruiting 10,400 additional public service workers, particularly in education and health sectors.

Simultaneously, the Government disbursed K1 billion for the Farmer Input Support Programme, highlighting dedication to sustaining and enhancing productivity.

By Moses Makwaya

Kalemba November 13, 2023