THE Ministry of Finance and National Planning disbursed K942.1 billion for development programmes and operations in all ministries, provinces and spending agencies in the month of March 2010.
The release of money brings the total budget released since January 2010 to K2.906 trillion.
Ministry of Finance spokesperson Chileshe Kandeta said in a statement yesterday that the ministry had made a deliberate strategy to inform the public frequently on all financial activities regarding the Budget as a way of enhancing accountability.
He said out of the K942.1 billion released in March, provincial administrative headquarters received funds as follows: Lusaka K2.3 billion, Copperbelt K3.3 billion, Central K2.3 billion, Northern K4.3 billion, Western K4.7 billion, Eastern K3.1 billion, Luapula K2.6 billion, North-Western K8.6 billion and Southern Province K2.9 billion.
Mr Kandeta said the Ministry of Education received K225.6 billion or 24 per cent of the total funds under the disbursement schedule.
Of this amount, Lusaka Province basic schools received K11.4 billion and high schools K3.7 billion, Copperbelt basic schools received K22.5 billion, high schools K4 billion and teacher education institutions K1.2 billion.
Central Province basic schools received K16.9 billion, high schools K2.7 billion and teacher education institutions K455 million. Northern Province basic schools received K20 billion, high schools K3.7 billion and teacher education institutions K389 million, Western Province basic schools received K9.8 billion, high schools K1.9 billion and teacher education institutions K219 million.
Mr Kandeta said the Government had continued in its commitment to timely dismantle debts to ensure debt sustainability over the long run.
In the same month, K103.6 Billion was released for constitutional and statutory expenditure of which K3 billion was allocated for servicing the multilateral external debt, K12 billion for non-Paris Club bilateral debt, K44.6 billion for interest payments on treasury bills and K44 billion for interest payments on Government bonds.
[Times of Zambia]
It’s good that money has been released for developments projects. Any feed back on whether politicians have by now retired the “More than K400bn Imprest?” Let them retire so that we use that money on national development activities.
Headline says K492bn, but the figure in the article is K942bn. Doing simple addition of the amounts in the article, the correct amount should be K942, but surely LT you don’t need me to point this out!!! Where’s your Editor?? You can do better than this!!
This is a good start, I hope they keep it up. From this level, we should dig deeper into the provinces, the schools, etc to see the money at work. We must not stop here. Te pa ku lekelesha iyo! :-w
IT IS 942 BILLION KWACHA IN THE NEW BUDGET CIRCLE.GRZ HAS GIVEN, THE OPPOSITION SHOULD CHECK AND BALANCE THE BOOKS. TWASANTA BING”I MWANE. RB IS ADDING VALUE TO HIS OFFICE.
Good start, at least Jingi (//2) can now use the calculator.
Plzzz not all talk and no action, develop the country for all to benefit from, the boers have declared war on blacks including those that are not involved in the killing of a racist. Next tym those that need to be airlifted to better hospitals in SA will be returned back to UTH because they r black and their money worthless….. learn to be selfless, truly independent and proud:)>-