Zambia’s 2015 fiscal deficit to exceed 4.6 pct of GDP: official
LUSAKA (Reuters) – Zambia’s fiscal deficit will exceed the targeted 4.6 percent of gross domestic product in 2015 due to weaker copper prices and changes to the mining tax regime, a senior Treasury official said on Friday. Mike Masiye, the director of budget in the ministry of finance, said copper prices had collapsed to around $6,000 per tonne from about $6,780 when the budget was formulated. Africa’s second-largest copper producer would also lose revenue after…
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