Lusaka BNB January 2014 and Press Release


JCTR LusakaPress Release, 11th February 2014
Increased debt amidst high cost of living a cause for concern
Lately, there have been statements by senior government officials commenting on the state of debt levels in the country. The comments have partly been assurances that the current debt stock is sustainable.
Various sections of society have expressed fears that the country’s debt stock is increasing to levels that may become unsustainable. While the government has made several assurances that the nation’s debt levels are within manageable limits, it is important that the government is seen to contract and manage debt in ways that do not potentially worsen the livelihoods of the majority poor.  If debt being contracted is not prudently invested on high return projects to enable debt repayment without compromising social sector spending, then debt contraction even in the current sustainable debt levels is a source of concern. Increasing debt levels now also imply higher future taxes on the already heavily taxed workers and consequently a higher cost of living.
Press Release
BNB January 2014

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