By Kingsley Jassi:
The 2025-26 financial year, which started in April, started with a heavy load on the ailing economy, slowly eliminating all available chances of recovery.
The K8.07 trillion 2025-26 expenditure plan rolled out with a K2.49 trillion deficit that was to be financed largely through domestic borrowing, adding debt on top of a fast-growing burden that had already taken up about 50 percent of domestic revenue to cover service costs.
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