The New Dawn Government officially began implementing its maiden National Budget on 1st January 2022. The 2022 National Budget speech outlined Zambia’s aspirations for the 2022 fiscal year anchored on attaining a real Gross Domestic Product (GDP) growth rate of 3.5 percent, reducing inflation to single digit by end of 2022 and within the 6-8 percent target range by mid 2023, limiting international reserves to 3 months of import cover, reducing the fiscal deficit to no more than 6.7 percent of GDP and limiting domestic borrowing to no more than 5.2 percent of GDP.