Government Engages Betting Firms on Tax

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Finance Minister Situmbeko Musokotwane said government has started talks with betting companies after some firms suspended parts of their operations in response to a new 10 percent excise tax on betting. He said the tax aims to curb gambling-related social harm, especially among youth, while still supporting industry growth and revenue needs. Musokotwane noted that consultations will guide possible policy adjustments and help balance public welfare with economic interests.