Analysis of the 2025 National Budget
Bold Plans, Harsh Realities: Pathways to Inclusive Growth
Highlights
The 2025 National Budget, themed “Building Resilience for Inclusive Growth and Improved Livelihoods, was presented amid persistent economic challenges in Zambia. The 2023/24 drought has taken a toll on the economy, causing widespread food insecurity, power outages and water shortages, leading to price increases and reduced economic growth. As a result, the growth forecast for 2024 has been revised downwards from 4.7% to 2.3%. despite, the difficulties, Government has remained optimistic, focusing on infrastructure development, reopening of mines and strengthening social safety nets like the Constituency Development Fund (CDF), Farmer Input Support Programme (FISP) and extended social cash transfer programs, offering hope for recovery for 2025.
