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Monday, 30 April 2012

Submission of 2013 Budget Proposals

Press release by the Ministry of Finance asks for proposals for the 2013 budget. Zambian Economist may coordinate a response over the next three months, if we have sufficient interest from our readers :

Lusaka, Friday, 27th April, 2012. The Ministry of Finance and National Planning [MOFNP] wishes to announce the commencement of preparations for the 2013 National Budget and the 2013 Medium Term Expenditure Framework.

In this regard, members of the public are invited to make submissions on Tax and Non-Tax Revenue Policy Proposals which they hope to see in the 2013 National Budget and the 2013 to 2015 Medium Term Expenditure Framework.

This call for submissions is very important because the 2013 National Budget will be the first fully developed annual plan by the PF led Government. It is for this reason that a three [3] months consultation period has been set.

The MOFNP strongly believes that by taking this approach, all citizens, including the youth, women groups, the private sector, and all other stakeholders will be given ample time and latitude to participate in the formulation of the 2013 Budget. By making submissions through this process, a structured system in which all stakeholders will be making contributions to the formulation of the 2013 will then be established.

Our appeal is for members of the public to ensure that the submissions 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 in line with the vision of the Government.

After the deadline on 31st July 2012, a Tax Policy Review Committee will be constituted by the Ministry to 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 System for the period 2013 to 2015.

In due course, the MOFNP will then publish all the proposals received so that all stakeholders could also be availed the opportunity to analyse the resilience and sustainability of each other’s submissions.

It is a duty of all citizens in their respective interest groups to respond to this invitation so that meaningful participation in the formulation of the 2013 National Budget is achieved.

Chileshe Kandeta
Public Relations Officer
Ministry of Finance and National Planning

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