By Joshua Jere
The Government of the Republic of Zambia has released K49.1 billion in June 2026 to finance public service delivery, honour debt obligations, protect vulnerable households, strengthen local development initiatives, and sustain strategic investments in infrastructure.
According to the Ministry of Finance and National Planning, the releases reflect Government’s commitment to prudent fiscal management, debt sustainability, social protection, and economic transformation.
K5.5 billion was spent on the Public Service Wage Bill and related obligations.
K34.9 billion went towards debt service and dismantling of arrears, including the full buyback of Bond B at a discounted price of US$1.1 billion.
K4.2 billion supported transfers, subsidies, and social benefits, such as K1.5 billion for the Social Cash Transfer Programme, K610 million for Constituency Development Fund projects, and K300 million for the Food Security Pack Programme.
K3 billion financed government programmes and operations, including K200 million to the Electoral Commission of Zambia for election preparations.
K1.4 billion was invested in capital expenditure and infrastructure development, with allocations to roads, education, water, and health facilities.
Treasury releases also included K40 million to the Lusaka South Multi‑Facility Economic Zone (LS‑MFEZ) to strengthen industrialization and attract investment, and K209.7 million for geological mapping to unlock Zambia’s mineral potential.
Secretary to the Treasury Felix Nkulukusa said in a statement that the releases demonstrate Government’s determination to balance fiscal discipline with social responsibility, noting that every budget release represents tangible support for households, communities, and national development.
Mr. Nkulukusa said that the June releases reinforce confidence in Zambia’s public finances while investing in social protection, education, health, local development, and infrastructure to improve citizens’ quality of life.
Source: ZNBC