Economic Expert Fitzgerald Witika has noted that the decision by the government to suspend tax on the importation of fuel products for three months will have a negative impact on economic variables and strike a budget deficit. Earlier, Secretary to the Treasury Felix Nkulukusa revealed that if the war in the Middle East and the suspension of fuel-related taxes continue up to the end of the year, Zambia’s revenue loss could rise to about K12 Billion. Speaking in an interview with Zambian Business Times- ZBT, Witika noted that cutting taxes simply means that the country is heading towards a budget...
This content is only available for active subscribers. Subscribe now to get full access.
