The Zambia Revenue Authority -ZRA- has collected above the revised target of revenue for 2020.
ZRA collected 57 billion Kwacha during the year under review instead of the revised target of 53 billion Kwacha due to the negative effects of COVID-19 on economic activities.
This has come to light before the Public Accounts Committee Sitting at parliament today.
Secretary to the Treasury Felix Nkulukusa has told the Public Accounts Committee that the initial revenue collection target imposed on ZRA for the year under review was 59 billion Kwacha.
At the same function ZRA Commissioner General Dingani Banda said ZRA is in the process of automating its system to improve efficiency in revenue collection from dealers in bonds.
Mr. Banda further said the revenue house is working on modalities to speed up payment of debts owed to clients.
Meanwhile, Deputy Auditor General Elijah Malunga said government institutions have been failing to fulfill their pledges to minimise activities that lead to audit queries.
Mr. Malunga called on government institutions to change the status quo.
And, Public Accounts Committee Deputy Chairperson Jacqueline Sabao warned that the United Party for Nation Development -UPND- Administration is strict with the need to ensure accountability of public funds.
Mrs. Sabao, who is also UPND Chikankata, Member of Parliament issued the warning before and after submissions on the ZRA’s report on the Auditor General’s Report of 2020.