2010 budget ready-Ndalamei

minisThe Ministry of Finance and National Planning (MoFNP) has finalized the 2010-2012 Medium Term Expenditure Frame work (MTEF).

And the MoFNP says following the constitutional amendment passed by the National Assembly early this month to change the budget circle, the 2010 budget has been finalized and will be presented to parliament on October 9, 2009.

Secretary to the Treasury Likolo Ndalamei said this in a Ministry of Finance and National Planning 2010-2012 Medium Term Expenditure frame work and the 2010 National Budget statement released to ZANIS in Lusaka today.

He said the finalization of the 2010 -2012 medium term expenditure is in line with the set polices and priority programmes enshrined in the Fifth National Development Plan (FNDP).

Mr Ndalamei says Zambia is in a hurry to attain the Millennium Development Goals (MDGs) by 2015.

Mr Ndalamei said government has since invited stakeholders to study the document and provide feed back to his ministry before the 2010 budget formulation.

He said the success of the MTEF would pave way to the implementation of the FNDP process.

Mr Ndalamei disclosed that this is in line with the Vision 2030 for government to over-arching goal for Zambia to become a prosperous middle income country.

The Secretary to the Treasury stressed that government is determined to improve the living standards of its citizens and enhance service delivery in addressing essential socio-economic infrastructure.

He however, noted that 2010 will serve as a last year of implementing FNDP before implementing the Sixth National Development Plan (SNDP) that will be launched during the course of the year, 2010 after a wide consultation has been made with relevant stakeholders.

He also called all stakeholders to participate actively in the consultation process for the Sixth National Development Plan, a consultative process that will take a period of over 12 months.

Share this post