Sosten Gwengwe

Minister of Finance Sosten Gwengwe has disclosed that the country’s debt has reached 6.38 trillion Kwacha from 5.6 trillion Kwacha last year, a feat that has now seen government moving into adopting level 1 of Austerity Measures.

Government has finally submitted to the IMF an audit report on foreign exchange misrepresentation committed under the DPP regime.

Minister of finance Sosten Gwengwe has said government will conduct another audit into the misappropriation of Constituency Development Funds amounting to 130 million kwacha at Mbelwa District Council.

Opposition Democratic Progressive Party is casting doubts on the expected success of the 2.8 trillion-kwacha national budget which was passed in parliament yesterday.