Parliament budget unit to be established before end of year

Before the end of the year the country's legislature will establish a parliament budget unit whose mandate is to analyse fiscal statements and socio-economic policies.

The establishment of the parliament budget office is expected to assist in the effective implementation of key government economic policies and ensure that there is informed decision making

The Speaker of Parliament Advocate Jacob Mudenda, who expressed gratitude to the government's cooperating partners who have supported the initiative, says a building has already been identified for the purpose of establishing the budget office.

"By year end, I can assure you that we will have established a parliament budget office to analyse the budget and socio-economic policies with a view to ensure effective implementation of government economic policies," said Advocate Mudenda.

Advocate Mudenda assured potential and existing investors of the legislature's commitment to speed up the realignment of economic policies with a view to increase foreign direct investment inflows.

Market analysts say there is need for continuous investment in research to ensure that there are informed decisions by key economic players.