{"help": "https://znrr.grz.gov.zm/en/api/3/action/help_show?name=package_show", "success": true, "result": {"author": null, "author_email": null, "creator_user_id": "c76fbd7a-1018-41d1-942b-1caaecde6ad5", "id": "4e3a6c7f-6a6c-4397-b99f-92803047b28e", "isopen": false, "language": "en", "license_id": "notspecified", "license_title": "License not specified", "maintainer": null, "maintainer_email": null, "metadata_created": "2025-11-14T12:42:25.087514", "metadata_modified": "2025-11-14T12:48:02.844873", "name": "https-pmrczambia-com-pmrc-2025-national-budget-analysis", "no_pii_confirmation": "1", "notes": "The Minister of Finance and National Planning, Dr Situmbeko Musokotwane, unveiled a K217.11 billion budget\r\non Friday, 27th September 2025, under the theme \u201cBuilding Resilience for Inclusive Growth and Improved\r\nLivelihoods.\u201d This year\u2019s theme indicates the Government\u2019s commitment to stimulate economic growth\r\nand mitigate the impact of the drought on livelihoods through key revenue and expenditure measures.\r\nThe budget was presented in a an environment characterised by high expectations from citizens, who\r\nsee it as a solution to the current socioeconomic challenges facing the country due to the drought.\r\nThe drought has resulted in prolonged load shedding hours, reduced agricultural productivity, and\r\na significant increase in the cost of living, profoundly affecting the livelihoods of many citizens and\r\nadversely impacting macroeconomic indicators. The extended hours of load shedding, combined with\r\ndiminished productivity in critical economic sectors such as agriculture, led to a downward revision of\r\nthe 2024 economic growth projection from 4.8% in the initial 2024 budget speech to 2.3% in the 2024\r\nsupplementary budget.\r\nRegarding macroeconomic performance indicators, inflation had surged to 15.6% by September 2024,\r\nprimarily driven by food price increases and currency depreciation. The kwacha\u2019s 2.8% depreciation\r\nagainst the US dollar in 2024, along with inflationary pressures stemming from the drought, has eroded\r\nthe purchasing power of Zambians. Additionally, the country\u2019s external debt stock rose to US$15.17 billion\r\nby mid-2024, presenting a significant challenge. However, progress in debt restructuring, particularly\r\nwith official creditors and bond holders, represents a step towards fiscal stability and long-term debt\r\nsustainability. In addition to the domestic economic environment shaping the budget, there are also\r\ncritical global factors influencing its implementation. According to the World Bank\u2019s 2024 Global Economic\r\nProspects report, the global economy is stabilising, but the outlook remains subdued for both advanced\r\neconomies and emerging markets, with growth projected to be slower over 2024-2026 compared to the\r\npre-pandemic decade. The June 2024 International Monetary Fund (IMF) report noted that the global\r\neconomy is stabilising after several years of overlapping negative shocks. Despite elevated financing\r\ncosts and increased geopolitical tensions, global activity showed signs of improvement in early 2024;\r\nglobal growth is expected to reach a slightly faster pace this year than previously anticipated, mainly due\r\nto the continued solid expansion of the U.S. economy. Nonetheless, projected declines in global growth\r\nare expected to remain stable at 3.2% in 2024 and 3.3% in 2025.\r\nDespite these challenges, Zambia has made significant progress in its efforts towards economic\r\nrecovery and transformation. The mining sector has seen a revival, with longstanding issues at Konkola\r\nand Mopani Copper Mines being resolved, alongside the entry of new investors in both mining and nonmining sectors. Infrastructure development continues to be a Government priority, with investments in\r\nroad construction and the expansion of social amenities reflecting its commitment to inclusive growth.\r\nIn this context, the 2025 PMRC budget analysis will focus on expenditures, policy options, and measures\r\nproposed to restore economic growth and improve livelihoods in light of the drought experienced in\r\n2024. A critical component of the 2025 budget is the revenue measure, with the Government aiming to\r\nfund 80.2% of the budget through domestic resource mobilisation, making it the highest proportion of\r\nlocally funded budgets ever recorded.", "num_resources": 1, "num_tags": 1, "organization": {"id": "971285bb-8ba1-4331-895f-7b52e8cacf14", "name": "https-pmrczambia-com", "title": "Policy Monitoring and Research Centre ", "type": "organization", "description": "PMRC is a Zambian policy think tank that conducts research, provides analysis, and advises the Government and stakeholders on economic and social issues. Its work focuses on turning evidence into practical policy options, supporting national development plans, and helping improve decision-making across sectors.", "image_url": "2025-11-14-074257.355961Screen-Shot-2025-11-14-at-9.43.37-AM.png", "created": "2025-11-14T07:42:57.366730", "is_organization": true, "approval_status": "approved", "state": "active"}, "owner_org": "971285bb-8ba1-4331-895f-7b52e8cacf14", "private": false, "resource_type": "text", "rights": "This document and trademark(s) contained herein are protected by the laws of The Republic of Zambia. This electronic representation of PMRC intellectual property is provided for non- commercial use only. Unauthorized posting of PMRC electronic documents to a non-PMRC website is prohibited. PMRC electronic documents are protected under copyright law. Permission is required from PMRC to reproduce, or reuse in another form, any of our research documents for commercial use. For information on reprint and linking permissions, please see PMRC Permissions . (www.pmrczambia.com/copyright).", "state": "active", "temporal_end": "", "temporal_start": "", "title": "2025 NATIONAL BUDGET ANALYSIS", "type": "data", "url": null, "version": null, "contributor": [{"email": "", "name": "Dr Sydney Mwamba"}], "creator": [{"email": "esther.nyemba@pmrczambia.net", "name": "Esther Nchimunya Nyemba"}], "groups": [{"description": "A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text.", "display_name": "Document", "id": "90578410-743d-441e-95d8-34e4d70fa347", "image_display_url": "https://raw.githubusercontent.com/google/material-design-icons/refs/heads/master/png/action/description/materialiconsoutlined/48dp/2x/outline_description_black_48dp.png", "name": "text", "title": "Document"}], "publisher": [{"email": "info@pmrczambia.net ", "name": "PMRC", "url": "https://pmrczambia.com/"}], "resources": [{"cache_last_updated": null, "cache_url": null, "created": "2025-11-14T12:48:02.599290", "datastore_active": false, "description": "The Minister of Finance and National Planning, Dr Situmbeko Musokotwane, unveiled a K217.11 billion budget\r\non Friday, 27th September 2025, under the theme \u201cBuilding Resilience for Inclusive Growth and Improved\r\nLivelihoods.\u201d This year\u2019s theme indicates the Government\u2019s commitment to stimulate economic growth\r\nand mitigate the impact of the drought on livelihoods through key revenue and expenditure measures.\r\nThe budget was presented in a an environment characterised by high expectations from citizens, who\r\nsee it as a solution to the current socioeconomic challenges facing the country due to the drought.\r\nThe drought has resulted in prolonged load shedding hours, reduced agricultural productivity, and\r\na significant increase in the cost of living, profoundly affecting the livelihoods of many citizens and\r\nadversely impacting macroeconomic indicators. The extended hours of load shedding, combined with\r\ndiminished productivity in critical economic sectors such as agriculture, led to a downward revision of\r\nthe 2024 economic growth projection from 4.8% in the initial 2024 budget speech to 2.3% in the 2024\r\nsupplementary budget.\r\nRegarding macroeconomic performance indicators, inflation had surged to 15.6% by September 2024,\r\nprimarily driven by food price increases and currency depreciation. The kwacha\u2019s 2.8% depreciation\r\nagainst the US dollar in 2024, along with inflationary pressures stemming from the drought, has eroded\r\nthe purchasing power of Zambians. Additionally, the country\u2019s external debt stock rose to US$15.17 billion\r\nby mid-2024, presenting a significant challenge. However, progress in debt restructuring, particularly\r\nwith official creditors and bond holders, represents a step towards fiscal stability and long-term debt\r\nsustainability. In addition to the domestic economic environment shaping the budget, there are also\r\ncritical global factors influencing its implementation. According to the World Bank\u2019s 2024 Global Economic\r\nProspects report, the global economy is stabilising, but the outlook remains subdued for both advanced\r\neconomies and emerging markets, with growth projected to be slower over 2024-2026 compared to the\r\npre-pandemic decade. The June 2024 International Monetary Fund (IMF) report noted that the global\r\neconomy is stabilising after several years of overlapping negative shocks. Despite elevated financing\r\ncosts and increased geopolitical tensions, global activity showed signs of improvement in early 2024;\r\nglobal growth is expected to reach a slightly faster pace this year than previously anticipated, mainly due\r\nto the continued solid expansion of the U.S. economy. Nonetheless, projected declines in global growth\r\nare expected to remain stable at 3.2% in 2024 and 3.3% in 2025.\r\nDespite these challenges, Zambia has made significant progress in its efforts towards economic\r\nrecovery and transformation. The mining sector has seen a revival, with longstanding issues at Konkola\r\nand Mopani Copper Mines being resolved, alongside the entry of new investors in both mining and nonmining sectors. Infrastructure development continues to be a Government priority, with investments in\r\nroad construction and the expansion of social amenities reflecting its commitment to inclusive growth.\r\nIn this context, the 2025 PMRC budget analysis will focus on expenditures, policy options, and measures\r\nproposed to restore economic growth and improve livelihoods in light of the drought experienced in\r\n2024. A critical component of the 2025 budget is the revenue measure, with the Government aiming to\r\nfund 80.2% of the budget through domestic resource mobilisation, making it the highest proportion of\r\nlocally funded budgets ever recorded.", "format": "url", "hash": "", "id": "721d0de7-8603-4e13-8caf-aac539ad94b7", "last_modified": "2025-11-14T12:48:02.583241", "metadata_modified": "2025-11-14T12:48:02.850530", "mimetype": "application/pdf", "mimetype_inner": null, "name": "2025 NATIONAL BUDGET ANALYSIS ", "package_id": "4e3a6c7f-6a6c-4397-b99f-92803047b28e", "position": 0, "resource_type": null, "size": null, "state": "active", "url": "https://pmrczambia.com/wp-content/uploads/2024/10/PMRC-2025-National-Budget-Analysis.pdf", "url_type": ""}], "source": [{"Identifier": "budget analysis", "URL": "https://pmrczambia.com/independent-power-producers-and-power-sector-reform/", "name": "PMRC", "notes": ""}], "spatial_coverage": [{"name": "ZAMBIA"}], "tags": [{"display_name": "Budget", "id": "95583668-b9c9-483a-b084-bc56d4eb82dd", "name": "Budget", "state": "active", "vocabulary_id": null}], "relationships_as_subject": [], "relationships_as_object": []}}