Rising public debt undermining efforts to actualize goals under vision 2030 – CTPD
The Centre for Trade Policy and Development CTPD says rising public debt continues to undermine efforts to actualize goals under vision 2030 and SDGs.
CTPD Executive Director, Isaac Mwaipopo says it has been established that Zambia has increasingly spent more resources towards interest payments with K13.6 billion spent towards debt servicing as compared to only K1.1 billion in 2008.
Mr. Mwaipopo also observes that interest payments towards external debt is projected to surpass domestic interest expenditure in 2019.
Mr. Mwaipopo has advised government to mitigate against the negative effect of interest payments on its allocations towards the education sector which he says is critical for development.
Meanwhile, Mr. Mwaipopo says the launch of the SDGs Sub-Regional Center for Africa within Zambia presents an opportunity to address the risks to achieving the SDGs within the stipulated decade remaining.