PPP to cushion budget deficit
Published On December 28, 2015 » 1217 Views» By Bennet Simbeye » Business, Stories
 0 stars
Register to vote!

By JUDITH NAMUTOWE –
THE Civil Society for Poverty Reduction (CSPR) has said implementing the Public-Private Partnerships (PPP) will cushion the budget deficit through Foreign Direct Investments (FDIs).
CSPR executive director Patrick Nshindano said the PPP would lessen pressure on the budget in that there would be more resources coming into the country through FDIs.
Mr Nshindano explained that one of the causes of the budget deficit was the ambitious infrastructure development the country was undertaking.
He said CSPR was expecting to see a reduction in the cost of infrastructure on the part of Government through shared cost mechanisms with the private sector.
Mr Nshindano said implementation of the policy was a step in the right direction and was in line with what CSPR had been calling for.
Last week, President Edgar Lungu appointed Finance Minister Alexander Chikwanda as PPP council chairperson.
Mr Chikwanda’s appointment is in accordance with Section 8(a) of the Public-Private Partnership Act No.14 of 2009, which designates the office of the minister of Finance as chairperson of the council.

Share this post
Tags

About The Author