Govt released K3.4bn in October for developmental programmes

Fredson Yamba - centre.jpg
The Ministry of Finance released K3.4 Billion for development programmes and operations of Ministries, Provinces and Spending Agencies in the month of October, 2013.

Speaking on issuance of the treasury information brief for October, 2013 Secretary to the Treasury Fredson Yamba says Government raised a total of K2.9 billion in terms of revenues and grants, while expenditure totalled K3.4.

Mr. Yamba says the difference of five hundred and five million kwacha between total revenue and total expenditure was met through funds carried forward from the month of September 2013, and a bit of domestic borrowing.

Mr. Yamba says notable expenditures during the month under review included one hundred and forty nine million kwacha for the Constituency Development Fund (CDF), thirty seven point two million for student upkeep and project allowance for students at the University of Zambia (UNZA), Copperbelt University (CBU) and abroad, ten million kwacha towards Infrastructure development for Mulungushi University and eighty million kwacha for the constitutional making process.

He states that five hundred and seventy six million kwacha was allocated to crop purchases under the Food Reserve Agency (FRA), one hundred and fifteen million kwacha for transportation and distribution of fertilizer under the Farmer Input Support Programme (FISP), and eighty four point six million kwacha for road maintenance and construction.

This is contained in a statement made available to QFM News by Ministry of Finance Public Relations officer, Chileshe Kandeta.