9.92 - 2022 SECOND QUARTER BUDGET PERFORMANCE 43% 56% 2% 1%

20.500.12592/h51tvk

9.92 - 2022 SECOND QUARTER BUDGET PERFORMANCE 43% 56% 2% 1%

16 Aug 2022

Value Added Tax (VAT) The Government released K9.4 billion on costs RECOMMENDATIONS relating to the Public Service Wage Bill and VAT collection amounted to K4.9 billion against a overseas allowances in order to achieve the Total revenues and grants target of K5.9 billion and was below the target by 17%. [...] This Other notable releases included K240 million to the Zambia All supplementary budgets should be backed and K15.2 billion against the target of K12.5 billion and was a target of K10.9 million and was 380% Statistical Agency to facilitate the undertaking of the 2022 Census supported by a detailed policy analysis concerning how above the target by 22%. [...] Insurance Premium Levy Collecion target above the target Service debt Tax collections This was on account of the increased renewals of insurance mainly due to Debt service during the period amounted to policies during the period under review. [...] Transactions in Financial Assets & Liabilities potential to grow the agriculture sector and reduce The performance is attributed to non-payment of obligations his underperformance in the collection in the second inequalities, as well as earn the country FOREX through by taxpayers due to cash flow challenges and most of which quarter of 2022 was mainly due to the removal of the Total expenditure ar. [...] The underperformance is mainly Economic Empowerment under the Ministry of Withholding tax amounted to K2.24 million against the target attributed to lower than the projected collection in Small and Medium Enterprise.
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