In the budget speech, it was noted that Zambia faced macro-economic challenges in 2015, as the global slowdown led to a reduction in the demand for copper and a weaker copper price.
Proposed expenditures for 2016 include continued infrastructure development, as well as general public services including increased civil service wages. The cost of servicing domestic and external debt also would increase.
Read an October 2015 report prepared by the KPMG member firm in Zambia: 2016 Budget Highlights
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