Zambia targets narrower 2024 deficit of 4.8% GDP

Reuters/REUTERS

Musokotwane said the Zambian economy was expected to grow 4.8% in 2024, in line with a forecast made in July

Chris Mfula, Reuters News

September 29, 2023

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LUSAKA - Zambia's government is targeting a fiscal deficit of 4.8% of Gross Domestic Product (GDP) in 2024 versus 5.8% of GDP this year, its Finance Minister Situmbeko Musokotwane said in a budget speech on Friday.

Musokotwane said the Zambian economy was expected to grow 4.8% in 2024, in line with a forecast made in July.

(Reporting by Chris Mfula, Writing by Bhargav Acharya; Editing by Alexander Winning)

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