By Staff Reporter,
Zambia’s public debt accumulation has slowed markedly, with net annual borrowing declining by nearly 79 percent from an average of US$2.4 billion prior to 2021 to approximately US$500 million per year.
According to Minister of Finance and National Planning, Dr. Situmbeko Musokotwane, the development signals a stabilizing economy anchored on fiscal discipline and sustainable financing policies aimed at restoring macroeconomic stability and supporting growth.
Delivering a ministerial statement to Parliament on February 20, 2026, Dr. Musokotwane disclosed that the nominal public sector debt stock stood at US$28.9 billion as of end-December 2025.
The Minister stated that the latest figures reflect ongoing efforts to steer the economy toward stability and sustainable growth through prudent debt management and reform measures.
