The national budget that was presented by the Finance Minister Hon. Bwalya Ng’andu, the last of the PF Government, is worrying and a reflection of total failure in
economic management. Firstly, the week started with the announcement that Zambia will not only fail to pay the first Eurobond bullet payment due in 2022, but is
having challenges in paying the interest owing on Eurobonds up to April 2022, and calling on creditors for a meeting on September 28, 2020, to discuss the Eurobond debt service suspension. Fair enough, this is a commendable effort to admit that
things are not the way they should be, especially if it means we shall soon get on a program to live within our means as a country.
TEAMMAYBIN 