Government has recorded a positive growth on revenue collected from January to March 2021, Secretary to the Treasury Fredson Yamba has announced.
Mr Yamba said during the period under review, the treasury collected revenue amounting to K18.5billion representing 13 percent above target.
He said the first quarter approved budget target for total revenues and grants was projected to be K16.3 billion with K12.4 billion from taxes, K3.3 billion from non-tax revenues and K469.6 million from grants.
Mr Yamba was speaking during a media briefing in Lusaka yesterday, adding that the over-performance was mainly driven by payment of Pay As You Earn (PAYE) tax arrears, upward amendments of provisional returns and advance payments by both Mining and Non-Mining firms.
GOVT EXCEEDS FIRST QUARTER REVENUE TARGET BY K2 2 BILLION
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