Cabinet has approved Zambia’s 2026 – 2028 Macroeconomic and Fiscal Objectives, aimed at boosting economic growth, strengthening public service delivery, and protecting vulnerable citizens.
Chief Government Spokesperson, Cornelius Mweetwa, said the targets include achieving at least 6% annual GDP growth, reducing inflation to single digits by 2028, and increasing domestic revenue collection to over 22% of GDP.
Mr. Mweetwa also said that Cabinet also resolved to continue implementing the Medium-Term Debt Strategy, which includes a moratorium on commercial loans, focusing instead on concessional financing and domestic borrowing only through Government Securities.
Mr. Mweetwa said social protection programmes such as the Social Cash Transfer and Cash-for-Work will be sustained, while funding to the Constituency Development Fund (CDF) will continue to ensure community-level development.
He said that in the agriculture sector, Cabinet approved full implementation of the Electronic Voucher System and support for the Sustainable Agriculture Financing Facility (SAFF) while in the energy sector, cabinet endorsed cost-reflective pricing to prevent fuel and electricity arrears.
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