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Sunday, 12 July 2009

Press Release : Extension of Deadline for 2010 Budget Submissions

Press Release by the Ministry of Finance and National Planning :

Lusaka, Sunday 12th July 2009. I am pleased to communicate that the Ministry of Finance and National Planning [MOFNP] has extended the deadline for submission of proposals for Tax and Non-Tax Revenue to 24th July 2009. This extension is final.

The extension of the deadline to 24th July 2009 is to ensure that all citizens including youth groups, individual youth and all other stakeholders are given a fair deal in their quest to fully participate in the 2010 Budget formulation process. In this way, all those that take part will be playing a direct role in contributing to the attainment of the objectives of the Fifth National Development Plan [FNDP] and the Vision 2030.

In connection with this extension, the MOFNP makes an earnest appeal to the public to embrace this gesture so that consultations on the 2010 to 2012 Medium Term Expenditure Framework [MTEF] and the 2010 National Budget are broadened. By making submissions on tax and non-tax policy proposals at this stage, stakeholders will be contributing to the formulation of a people centered 2010 National Budget.

The submissions must clearly state the nature of the proposal, demonstrate pitfalls of the current tax regime, indicate pros and cons of the offshoot measures and stipulate how the tax base could be fairly and equitably expanded. Governments Tax Policy Review Committee will then objectively scrutinize and assess all proposals, based on their merit, impact on tax payers, effect on the economy and significance to the shape and focus of the Zambian Tax Policy orientation for the period 2010 to 2012.

I also take this opportunity to confirm that the MOFNP has essentially been receiving proposals from individuals and organisations since February 2009. In this regard, we thank all the individuals and organisations who have so far made submissions as they have given us sufficient time to study and appreciate their proposals. Together with the current round of submissions, over twenty submissions have actually been received this year. After the deadline, the MOFNP will publish all the proposals for tax and non-tax revenue received so that all tax and non-tax stakeholders could also be availed the opportunity to analyse submissions for the 2010 Budget.

Our schedule for presenting the 2010 National Budget before the end of this year is very tight and so there will be no further extension of this stage of budget formulation. In view of this, it is imperative that all citizens including youth groups, individual youth and all other stakeholders respond to the call for tax policy review input within the given timeframe if they have to meaningfully participate in the formulation of the 2010 National Budget.

Chileshe Kandeta
Public Relations Officer
Ministry of Finance and National Planning


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