Over K500 Million Local Government Equalization Fund Released Since January This Year

Latest News

By Chileshe Mwango

 

The Ministry of Finance has since January this year released over K500 million local government equalization fund.

And Local Government Minister Charles Banda has announced that government will soon be disbursing the 2020 Constituency Development Funds-CDF-.

Dr. Banda says earlier plans to disburse the fund were overtaken by the outbreak of the coronavirus pandemic which came at a time government was about to disburse the funding to all constituencies.

Speaking at a media briefing in Lusaka today, Dr. Banda disclosed that at its last sitting, cabinet resolved that CDF be paid to all constituencies immediately from the K8 billion that the ministry of finance will soon be releasing.

Meanwhile, Dr. Banda has challenged local authorities in the country to emulate the Luwingu Town Council’s prudent utilization of resources allocated to them.

Dr. Banda has disclosed that despite being given funds meant for projects and service delivery, local authorities are still not performing to expectation.

 

PHOENIX FM NEWS

The post Over K500 Million Local Government Equalization Fund Released Since January This Year appeared first on Phoenix FM.

Leave a Reply

Your email address will not be published. Required fields are marked *