Categories: Business

President Lungu expected to give economic direction as he opens parliament

The Economic Association of Zambia (EAZ) says it is expecting President Edgar Lungu to assure the people of Zambia that his administration is in full control in terms of debt management as he opens parliament this Friday.

EAZ President Dr. Lubinda Haabazoka tells Money FM News via telephone that as the Head of State address the House, it is imperative that he highlights the measures put in place in managing debt both domestically or externally acquired.

Dr. Haabazoka says the association will also be looking forward to hearing from the president on matters of budget as the nation awaits the announcement of the 2019 national budget.

“We will be expecting the president to give the nation assurance through parliament that his government is in full control in terms of debt management,” he said.

He says the president will also obviously touch on social transfer scheme and how it has performed this year in uplifting the lives of the people.

“Another issue that the head of state will obviously touch on is the diversification of the energy sector and efforts made in this area. The president is also likely to talk about fish farming as he is so passionate about this issue,” Dr. Haabazoka said.

Dr. Haabazoka states that President Lungu is also expected to talk about the implementation of the Seventh National Development Plan as well as economic diversification.

The EAZ President further states that the president is also expected to touch on job creation for the local people as this is key to human development.

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