SECRETARY to the Treasury Felix Nkulukusa says most of the resources in the proposed K11.8 billion supplementary budget will go towards debt servicing. On Tuesday, Acting Finance Minister Felix Mutati proposed a K11.8 billion supplementary budget to the National Assembly, explaining that K6.3 billion will be allocated for domestic debt service, as it is now projected to reach K38 billion by year-end. “Madam Speaker, I beg to present supplementary estimate number 2 of 2024. Madam Speaker, in accordance with article 203 of the Constitution, where the amount appropriated in an appropriation account is insufficient to meet expenditures in that financial year, the minister responsible for finance is expected to lay before the National Assembly for approval of supplementary estimates of...