The Bank of Zambia – BoZ Governor says the government’s recent announcement of a K26.3 billion supplementary budget is being hailed as a necessary step to address mounting economic challenges, including rising fuel prices and other fiscal pressures. While some experts have expressed concerns over the negative potential impact on the economic achievements so far, such as 6.8% inflation, $6.5 billion in international reserves, and a 14.8% appreciation of the Kwacha, BoZ Governor Dr. Denny Kalyalya emphasized the importance of fiscal flexibility in sustaining economic stability. speaking during the BoZ’s first quarter media briefing, after the Zambian Business Times (ZBT)...
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