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By Albert Halwampa
The Government recently introduced a new mining tax regime in the 2015 national budget and the reverberations of this decision are still being felt as various stakeholders express their reactions. For instance, the Chamber of Mines has warned that the new regime is likely to hit investment.
One of the major mining companies, Barrick Gold, has also warned of the possibility of suspending operations if parliament approves the new tax measures. Barrick claims that the $45million tax they currently pay annually will increase to approximately $150 million.
By Gibson Masumbu
Income inequality has attracted growing attention on the economic development platforms in recent years. From the many conversations on the topic, it is evident that many countries have recognized growing inequality as one of the biggest social, economic and political challenges of our time.
Economists are spending sleepless nights building databases and devising better methods of measuring it.
Overall levels of productivity in Zambia have increased but productivity in the formal sector has declined by 3 percent a year, says new research from the Zambia Institute for Policy Analysis and Research.
In a presentation to a major conference to be held next week in Lusaka, Shebo Nalishebo, Senior Researcher at the Zambia Institute for Policy Analysis and Research (ZIPAR), will present new analysis which shows that productivity – the amount of output per worker – fell by an average of 3 per cent a year in the formal sector between 2008 and 2012.
By Tamara Billima-Mulenga
Based on ZIPAR Research Paper "Resource Allocation Model for the Constituency Development Fund".
As the Ministry of Finance commences the preparation of the 2015 National budget, it is worth asking how the government allocates spending across the different programmes it funds. These decisions are often based on existing historic allocations and developmental plans.