In the case of Zambia, The IMF projects that the economy will grow by a negative 2.6% in 2020 from the earlier projection of 3.6%. The economic adjustments due to COVID-19 will result in a severe drop in revenue. It is estimated that the budgeted revenue will fall short of target by at least K14.8 billion or 19.7 % of the approved 2020 budget. The reduction by tax type, however, will be determined as more information unfolds.
[2]
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/statement-hon-minister-finance-further-measures-aimed-mitigating-impact
[2] http://www.indiaenvironmentportal.org.in/files/file/MOF-Statement-April-2020.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/ministry-finance
[4] http://admin.indiaenvironmentportal.org.in/category/publisher/republic-zambia
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/zambia
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coronavirus
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/international-monetary-fund-imf
