The roots of Zambia’s need for debt restructuring lie in low tax collection, as the only alternative for the government to bridge the budget deficit is borrowing, says Twivwe Siwale, an IGC economist and a former tax inspector in Zambia. The IGC is carrying out research on tax for the Zambian government to use in formulating policy. There's more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Subscribe Now cancel anytime Already a a subscriber Sign In

Source: The North Africa Journal June 12, 2023 04:02 UTC