(LUSAKATIMES) Govt unable to finance important sectors
Govt unable to finance important sectorsFebruary 17, 2009
The Zambian government may not be able to raise enough revenue to adequately finance important sectors like roads because of the global economic down turn.
Works and Supply Minister, Mike Mulongoti, says funds for the construction of roads in the country will mostly cover on-going projects.
Mr. Mulongoti says this will be done in order to record meaningful progress particularly on government funded projects.
The Minister was speaking in Lusaka during the sensitization workshop for members of parliament.
The workshop, which was organised by the Road Development Agency (RDA), discussed the investments made and required in the road sector.
And RDA Board chairperson, Walusiku Lisulo, also emphasised the need to prioritise on-going projects.
Mr. Lisulo said only few projects will be undertaken this year to allow successful implementation.
[ZNBC]
Labels: FUNDING, GREAT DEPRESSION II, INFRASTRUCTURE, MIKE MULONGOTI, RDA, WALUSIKU LISULO
posted by MrK @ 4:39 PM
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