Mutati talks tough on tax compliance


GOVERNMENT is committed to securing macro-economic stability for the country and is putting in place regulations to provide for a stable platform to propel economic growth. Finance minister Felix Mutati said that he would embark on fiscal sustainability, tax compliance, address expenditure issues and re-arrange capital projects in the forthcoming national budget. This is contained in a statement issued yesterday by First secretary for press and public relations at the Zambian Embassy in Washington Patricia Littiya. Ms Littiya said that Mr Mutati made his remarks when he met investors on the sidelines of the World Bank as well as the International Monetary Fund (IMF) annual meetings. Mr Mutati said Government was aware that the measures would be tough in the short term but that the benefits would be felt in the long term. The minister of Finance and his National Planning and Development counterpart Lucky Mulusa also held consultative meetings with various stakeholders. Mr Mutati met with Deputy Assistant Secretary Eric Meyer in a closed door meeting where the two discussed among other things the enhancing of bilateral cooperation in financing and investments. The two ministers also met with other stakeholders who included Barclays Bank, Citibank, the Saudi Fund, and the Woodrow Wilson

International centre for scholars-

Africa program. The two ministers were later in the day expected to attend the JP Morgan Investor Seminar. The Zambian delegation included Ministry of Finance permanent

secretary Dr. Ronald Simwinga, Ministry of National Planning permanent secretary Dr. Sr Auxilia Ponga, and Bank of Zambia Governor Dr. Denny Kalyalya.