25 Mar, 2026

Zambia targets narrower budget deficit in 2026

Zambia targets narrower budget deficit in 2026

Zambia will aim for a 2026 budget deficit of not more than 2.1% of gross domestic product (GDP), down from a target of 4.6% of GDP this year, its finance minister said on Friday.

Other targets set by Situmbeko Musokotwane budget presentation included attaining real GDP growth of at least 6.4% next year, up from this year’s forecast of 5.8% growth.

Zambia's government is trying to get the copper-rich country's public finances back on track after years of protracted debt restructuring negotiations.