Finance Ministry Disburses K16.9 Billion to Boost Development and Public Services

The Ministry of Finance and National Planning announced a K16.9 billion injection this month to support Zambia’s development agenda. The injection will address both immediate public service needs and long-term economic goals. 

The funds will cover various sectors focusing on economic stability, improving public health, and providing essential social services.

A statement from the Office of the Secretary to the Treasury detailed that K3.5 billion of the total disbursement was allocated for transfers, subsidies, and social benefits. K1.7 billion was specifically allocated for the Social Cash Transfer (SCT) program, which has been widely regarded as one of the government’s most impactful social welfare initiatives.

Another K4.2 billion was directed toward various developmental programs, which include day-to-day government operations and capital projects. Of this amount, K700 million was earmarked for the procurement of drugs and medical supplies. 

Another major portion of the monetary boost was the monthly wage bill for public service employees, with K4.5 billion allocated to cover salaries and related expenses. K4.7 billion was also distributed for debt servicing and the dismantling of arrears. 

Healthcare stakeholders have expressed optimism about the increase in procurement funding, noting that “regular support for medical supplies is vital for disease prevention, treatment, and overall health infrastructure.”

“The Ministry of Finance’s K16.9 billion disbursement in October reflects a strategic balance between immediate needs and long-term goals. By allocating resources to social welfare programs, healthcare, wage payments, and debt servicing, the government demonstrates its commitment to a holistic approach that considers both human development and economic sustainability,” commented the Ministry of Health in their press release about the release of funds.