ZICA Warns on Debt-Heavy 2026 Budget

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The Zambia Institute of Chartered Accountants cautioned that the government’s 2026 borrowing plans could undermine economic stabilization and private-sector growth. ZICA said the projected K34.49 billion fiscal gap, funded through domestic and external borrowing, risks crowding out private credit and raising interest rates. It urged economic diversification, fiscal discipline and prudent spending to support recovery and align with the central bank’s tight monetary policy.