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Treasury releases over K2.8 billion for developmental projects

• Ministry of Finance has continued to release funds consistent with the programmes approved in the 2022 National Budget.
• During the past week, Government released funds to finance developmental programs and public service delivery.
• K543.4 million was disbursed in the course of the week for procurement of drugs and medical supplies in various public health institutions.

Ministry of Finance and National Planning has disclosed that last week, the Treasury disbursed K543.4 million for procurement of drugs and medical supplies in various public health institutions, in addition to K650 million released in February 2022, for procurement of drugs and medical supplies, while K67 million was released in the past week for hospital operations.
In a statement, Secretary to the Treasury Felix Nkulukusa revealed that the Treasury also released K355.4 million to the Public Service Pension Fund (PSPF) to facilitate payment of dues to retirees under this pension scheme, while a further K169.3 million was released to facilitate the on-going implementation of the Social Cash Transfer Programme.
Mr. Nkulukusa added that the Treasury also released K100 million under the Farmer Input Support Programme (FISP) to pay arrears to suppliers of fertiliser and seed for the current season, with K805 million released to facilitate implementation of projects under the Constituency Development Fund (CDF) and a further K694.5 million for various projects and general government operations.
He said the release of funds is consistent with the programmes approved in the 2022 National Budget.
“In order to remain on course with our strategy of reducing the country’s indebtedness and ensure fiscal sustainability in due course, the Government released K97 million to help liquidate outstanding liabilities for previously consumed goods and services under various line Ministries, Provinces and Agencies.”
“As announced earlier by the Minister of Local Government and Rural Development, the Treasury also released K805 million in the course of the past week to facilitate the implementation of projects under the Constituency Development Fund (CDF). We further released K694.5 million for various projects and general government operations,” Mr. Nkulukusa disclosed.
He reiterated the call by Finance Minister Dr. Situmbeko Musokotwane for Ministries, Provinces and Agencies to ensure that funds are absorbed and utilized on budgeted projects and programmes – in a timely, efficient and effective manner in order to achieve the Government’s set transformational objectives outlined in the 2022 National Budget.
Mr. Nkulukusa also revealed that the Ministry of Finance and National Planning will embark on a countrywide data collection programme to ensure evidence-based monitoring and tracking of budgetary spending targets as they compare with actual deliverables on the ground.

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