The Economics Association of Zambia (EAZ) has commended the Zambia Revenue Authority (ZRA) for surpassing the parliamentary target of 125.3 Billion Kwacha by 5.6 Billion Kwacha in revenue collection during the year 2024. 

This follows ZRA’s recent announcement of a net collection of 130.9 Billion Kwacha in 2024.

EAZ President Oswald Mungule has described the achievement as a cornerstone for addressing some of the country’s critical economic challenges, including debt sustainability and financing essential government programmes. 

The Association has added that the 17.6 Billion Kwacha paid out as refunds demonstrates ZRA’s dedication to fairness and accountability, fostering taxpayer confidence and compliance.

“As a key partner in Zambia’s economic development, the EAZ recognises ZRA’s pivotal role in advancing fiscal sustainability. The leadership of the Commissioner General, the Board, Management, and staff at ZRA deserves commendation for their tireless efforts in driving revenue mobilisation, which directly supports Zambia’s economic transformation agenda.” He stated.

Mr Mungule has further described the achievement as remarkable, adding that it underscores ZRA’s strategic focus, operational efficiency, and commitment to fostering a transparent and effective tax administration system. 

He added that ZRA’s performance in 2024 is a model of resilience and adaptability, which sets a high benchmark for public sector efficiency.

Mr Mungule has since pledged the Association’s continued support for collaborative efforts aimed at enhancing fiscal policy frameworks, promoting economic diversification, and increasing Zambia’s competitiveness. 

“As ZRA targets an ambitious net collection of K155.7 Billion for 2025, the EAZ stands ready to contribute to this shared vision of economic growth and sustainability”, he said. 

This is contained in a press statement made available to ZANIS in Lusaka.