FINANCE Minister Situmbeko Musokotwane says the National Assembly authorised the borrowing of K33.3 billion towards the 2024 national budget, arguing that government will continue borrowing as it can’t just abruptly stop. And Dr Musokotwane says the delayed debt restructuring process will not have consequences on the implementation of the 2024 budget. Meanwhile, Secretary to the Treasury Felix Nkulukusa says it is government’s hope that the debt restructuring process will be concluded within the first quarter of 2024. Speaking at a media briefing, Thursday, Dr Musokotwane said there was a gradual reduction of borrowing under the UPND led government. “In this budget that we are going to for, 2024, government was authorised by Parliament to borrow K33.3 billion which, as a measure...

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