The Policy Monitoring and Research Center (PMRC) has observed that Zambia has potential to source for funds locally to pay its debt.

Commenting on the impact of Zambia’s debt on the implementation of the 7th National Development Plan (7NDP), PMRC Executive Director Bernadette Deka says there are opportunities within the country to source for funds to settle the country’s domestic and external debt.

Ms Deka has acknowledged that Zambia’s debt is huge because it goes beyond domestic debt which she says may have an impact on the implementation of the 7NDP.
She is pleased that the Zambia Revenue Authority (ZRA) is making frantic efforts in broadening its tax base saying this would help in terms of resource mobilization.

Ms Deka further observes the need for state enterprises to work extra hard and pay dividend to the government through the Industrial Development Cooperation (IDC).

She says these state enterprises should emulate the Zambia Copper Consolidation Mine – Investment Holdings (ZCCM-IH) which paid a dividend of about K81 million to IDC saying it is such efforts that will help the nation to grow its economy.