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LUSAKA Cheap Nike Air Max 97 For Sale UK , June 17 (Xinhua) -- The World Bank on Wednesday advised the Zambian government to improve its fiscal policy in order to contain the rising budget deficit.


Kundhavi Kadiresan, the bank's director for Zambia, Zimbabwe and Malawi, said the government needs to deal with the growth in government spending which has pushed the budget deficit to at least six percent of the Gross Domestic Product (GDP).


In remarks delivered when the bank released its 5th Zambia Economic Brief, the official said the government should contain the growth of spending on salaries and subsidies to create fiscal space for programs that reduce poverty.


While acknowledging Zambia's positive sustained economic growth, the bank said the main challenge for the country was to strengthen fiscal policy in order to have inclusive growth and reduce poverty.


According to her, the budget deficit poses a risk to the southern African nation's macroeconomic stability and growth of the economy, adding that the government needs stringent fiscal policy to support growth going forward.


Zambia, she said, spends more on salaries as a share of the Gross Domestic Product (GDP), compared to other countries in the world.


On Tuesday, Finance Minister Alexander Chikwanda revealed that the 2015 budget deficit has increased to 20 billion Zambian Kwacha (about 2.7 billion U.S. dollars) from the initial projected figure of 8.5 billion (about 1.2 billion dollars) in the first six months of the year.


The Zambian minister said reduced copper earnings and unbudgeted for expenditure such as a presidential election held in January followed the death of President Michael Sata, had exerted extreme pressure on the budget resulting in the widening budget deficit.


The government, he said, will have to increase its external borrowing to complete infrastructure projects while new projects will not be entertained.


Meanwhile, the World Bank said Zambia needs to design fiscal policies that ensure fair revenue to the government whilst also encouraging private sector investment.


According to the economic briefing titled "Making Mining Work for Zambia: The Economic, Environmental and Health Nexus of Zambia' s Copper Mining Economy" the bank said mining was an important source tax revenue foreign currency earning and jobs for the country hence the need to ensure that decisions made on the sector encouraged sustained growth of the sector.


"This also requires that government has adequate capacity to deliver on all these issues that the mining companies take part and disclose the necessary long-term planning information required to undertake the necessary analysis," the bank representative said.


JAKARTA, May 28 (Xinhua) -- The central bank of Indonesia revised downwards its forecast for the country's economic growth to 5.1 percent this year from its initial estimation of 5.4 percent due to weak export and spending, Agus Martowardojo, governor of the bank said here on Thursday


The bank estimates the gross domestic product growth in the second quarter at 4.9 percent, 5.3 percent in the third quarter and 5.4 percent in the final quarter, after the country witnessed the lowest growth since 2009 of 4.71 percent in the three months through March.


"For the whole of the year, the central bank projects the economic growth at 5.1 percent," Martowardojo told lawmakers at a parliamentary hearing.


Indonesia's gross domestic product growth reached 5.02 percent last year.


The governor revealed that the government spending would be the trigger of the economic expansion at the second quarter.


Weak government spending was blamed for the subdued economic growth in the first quarter as export and investment remained low.


The central bank governor said the acceleration of the economic growth will proceed to the fourth quarter along with the rise of the government spending, consumption and banking credits.

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“Get Out,” “The Shape of Water,” “Big Little Lies” and “The Handmaid’s Tale” were just some of the films and television series honored by the Broadcast Film Critics Assn. and Broadcast Television Journalists Assn. Thursday at the 23rd annual Critics’ Choice Awards.


Overall nominations leader “The Shape of Water” walked away with the most movie awards with four, including best picture and best director for helmer Guillermo del Toro. On the television side, “Big Little Lies” also reigned with four wins, including yet another best limited series prize. “The Handmaid’s Tale” and “The Marvelous Mrs. Maisel” won in the top drama and comedy fields.


Gary Oldman (“Darkest Hour”) and Allison Janney (“I, Tonya”) joined Frances McDormand and Sam Rockwell (“Three Billboards Outside Ebbing, Missouri”) in the winners circle for film acting honors, while Sterling K. Brown (“This Is Us”), Nicole Kidman (“Big Little Lies”), Ted Danson (“The Good Place”) and Mayim Bialik (“The Big Bang Theory”) were among the television acting victors.


The BFCA’s genre categories went to “Get Out” (best sci-fihorror film), “Wonder Woman” (best action film) and “The Big Sick” (best comedy film). Screenplay honors went to “Get Out” and “Call Me by Your Name.”




“Wonder Woman” director Patty Jenkins presented Gal Gadot with the #SeeHer Award, honoring women who push boundaries and recognize the importance of accurately portraying women across the entertainment landscape.


At the end of a day that saw five women come forward with accusations of sexual misconduct aimed at James Franco, the “Disaster Artist” star won the award for best actor in a comedy. He did not attend the ceremony, and presenter Walton Goggins accepted on his behalf.


The “Time’s Up” movement was otherwise very much a topic at hand. Del Toro, Gadot, Kidman and Kumail Nanjiani all referenced the amplification of women’s voices in their speeches. Meanwhile, emcee Olivia Munn was joined . Cheap Jerseys Cheap Jerseys From China Cheap Authentic Jerseys Cheap Wholesale Jerseys Cheap Authentic NFL Jerseys Cheap Football Jerseys Cheap Nike NFL Jerseys Cheap NFL Football Jerseys Wholesale Jerseys Wholesale NFL Jerseys