GOVERNMENT RELEASES K576. 6 MILLION FOR CIVIL SERVANTS SALARIES

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The treasury has released K576.6 million for civil  servants salaries for the month of September, 2015.This brings the total amount of funds released for  payment of salaries since January to K8.6 billion.  To ensure that salaries are efficiently paid before the
end of every month, all civil servants are on the Direct-Debit and Credit Clearing [DDAC] System. In  this regard, it is expected that the released funds will be credited to the accounts of workers within 24 hours, in accordance with the service level
agreements signed with various commercial banks
and in the spirit of the enhanced cash and treasury
management reforms which the government is
undertaking.
It is not the intention of government to snap the
patience of workers in paying salaries in a timely
manner. In line with government’s commitment to
the plight of workers, the treasury will endeavor to
pay salaries timely and before the end of every single
month. We have so far done it successfully and will
continue to apply this best practice.

 

The Ministry of Finance takes this opportunity to
announce that in order to empowerment Zambian
citizens and boost food security programs, the
Development Bank of Zambia has received K171
million for purchase of hammer-mills, the Public
Service Micro-Finance Company received K30 million
for concessional loans to public service workers, the
Ministry of Youth Sport and Child Development
received K11 million for the youth empowerment
program, Citizen Economic Empowerment program
K10 million and Zambia Cooperative Federation
received K4.2 million for farming implements.
To date, the government has also released K3 billion
for various road related programs such as
construction of roads and bridges, maintenance,
rehabilitation and upgrade, axle load control, and
feasibility studies. Further, upon receipt of works
certificates from provincial authorities, the
government has released K120 million towards the
ongoing program of establishment of new districts.
ZESCO has been given K352 million for recapitalisatio
n while the Lusaka South Multi-Facility Economic
Zone [MFEZ] received K25 million for continuous
development of the facility in line with government’s
industrialization and diversification strategies.
The treasury will intensify the issuance of treasury
information briefs in order to assist the public in
monitoring and evaluating the implementation of
government’s developmental programs
pragmatically.
MINISTRY OF FINANCE
LUSAKA

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