Civil Society for Poverty Reduction (CSPR) has acknowledged positive developments in the broader economy during the first six months of 2026.
CSPR Executive Director, Isabel Mukelabai noted that Real Gross Domestic Product (GDP) grew by an estimated 7.7 percent year-on-year in the first quarter of 2026, while gross international reserves reached US$6.48 billion in February before easing to US$6.20 billion in March.
Ms. Mukelabai further noted that inflation also continued to decline, while the Kwacha appreciated from K19.26 to K17.82 against the United States Dollar between January and June, 2026.
“These gains are welcome, but they must translate into predictable public services, stronger social protection and improved living conditions,” she emphasized.
She urged Government to strengthen domestic revenue collection across major tax lines, including through more effective digital tax systems.
Ms. Mukelabai also called for more realistic budgeting for foreseeable commitments and emergencies to reduce repeated reliance on supplementary budgets.
She further cautioned Government against excessive domestic borrowing, warning that this could increase debt-service costs and reduce credit available to the private sector.
Ms. Mukelabai called for a comprehensive public account of revenue foregone through Value Added Tax (VAT) and fuel-excise suspensions, including an explanation of their impact on public-service delivery.
“CSPR remains committed to constructive engagement with Government to ensure that fiscal policy in the second half of 2026 protects the social-sector gains on which Zambians depend, while safeguarding the country’s hard-won macroeconomic stability,” Ms. Mukelabai said.
