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The Ministry of Small and Medium Enterprises Development is the ministry in the Government of Zambia. [1] It is the apex executive body that formulates and administrates rules, regulations and laws relating to small and medium enterprises in Zambia. [2] [3] The Minister of Small and Medium Enterprises is Elias Mubanga. [4]
Zambian exports in 2006. Zambia is a developing country, and it achieved middle-income status in 2011.Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). [18]
a document titled Medium-term Expenditure Framework Statement - This is to set forth a three-year rolling target for prescribed expenditure indicators with specification of underlying assumptions and risk involved (vide Section 6 A of the Act amended in 2012). [12]
Macroeconomics is traditionally divided into topics along different time frames: the analysis of short-term fluctuations over the business cycle, the determination of structural levels of variables like inflation and unemployment in the medium (i.e. unaffected by short-term deviations) term, and the study of long-term economic growth.
The forward estimates provide a mechanism for discipline within the budgeting process that enables a greater focus on strategic policy issues, [1] and provide a strategic framework for budgetary decision-making in the medium-term. [2]
In the following table, for each country/territory, IMF figures shows government's revenue, expenditure, and net lending (+)/ borrowing (-) as percentage of GDP and in current USD, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. [13]
The Ministry of Commerce, Trade and Industry (MCTI) is a cabinet level government ministry of Zambia.It is responsible for the development of a globally competitive, sustainable, commercial, trade and industrial base in Zambia with the objective of contributing to social and economic development in the country. [1]
The budget also included budget reform measures of zero-budget, Medium Term Expenditure Framework and also a calculated financial risk. [ 3 ] According to the Malawi Knowledge Network, the budget statement highlighted milestones that Malawi had achieved such as unprecedented economic growth rates, single rate inflation, reduced bank rate and a ...