Mutati, the PF minister of Finance says the country is currently consuming all its collections. Just last week he said for January 2017 alone, his regime had collected over K27 million excess money.
But this week, Mutati who seems to talk then think,
Said this is because 50 percent of what is collected goes to payroll, 20 percent on servicing debts and 15 percent running civil service while health and education gets 10 percent leaving nothing for investments.
He was talking to a few Zambians living in the Cote D’ivoire Capital Abidjan.
He said the country will also engage the International Monetary Fund -IMF.
The MMD faction president said he was in Abidjan to engage the African Development Bank -ADB- over the financing gap the country is faced with despite making major economic strides.
Mutati further said electricity tariff adjustments are underway.