Press 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
Tag: Lusaka
Press 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
Greetings from JCTRWe are happy as always to share with you the 2013 October Basic Needs Basket for Lusaka and accompanying press release. We hope this information is helpful for you.
To get more on this and other JCTR activities, please visit our website or contact us on the address and numbers indicated below. We also invite you to visit our well stocked resource room for your research and other information needs.
Do not hesitate to contact us if you have questions, requests or comments.
We always appreciate your feedback on how you are using the Basket.
Namundi Siwale
Acting Information Officer
Jesuit Centre for Theological Reflection Press Release BNB October 2013
JCTR Press Release 22 February 2013