9 November 2012

Zambia: C/Belt Gets K61 Billion Budgetary Allocation

COPPERBELT has received K61.4 billion from the 2013 national Budget, representing an increase of about K10 billion from the previous allocation.

Provincial Permanent Secretary Stanford Msichili said the money was exclusive of line ministries such as Education, Home Affairs, Health, Agriculture and Tourism.

He said that did not imply that the control aspect would not apply in these ministries.

Mr Msichili was speaking during the opening of a Provincial Development Coordinating Committee (PDCC) meeting at the Levy Mwanawasa Stadium conference room in Ndola on Wednesday.

He said Copperbelt would strive to regain the status of being the most economically viable province by adopting a diversified approach that would meet the aspirations of the community by the year 2030.

"This will entail reviewing our operations in order to ascertain weaknesses and failures with the view of eliminating them for the general good of the communities we serve," he said.

And the province has received K1.4 billion from the K11.8 billion Youth Empowerment Fund set up by the Government to promote youth development.

Mr Msichili said K1, 121, 600, 000 would be paid out as loans to the youth while grants would gobble up K250 million, as K34 million would be for administrative purposes.

The permanent secretary advised district commissioners who are managing the funds to ensure that the resources created the required impact and that transparency should be observed.

Mr Msichili urged the PDCC to resolve all outstanding matters in the province.

"I have in mind perennial issues raised in the Auditor General's reports such as failure to retire imprest, missing records and unaccounted for revenue.

"It will do us good if we take preventive measures now rather than wait for adverse reports which could be avoided," he said.

He said this could be achieved by constantly reviewing the accounting system which should include risk management and strongly advised on the need to inculcate a reading culture which most of the time was ignored.

Mr Msichili further said a good infrastructure network was critical to economic development.

He cited President Michael Sata's recently launched 'Link Zambia 8000' project which he said should be emulated by the province.

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