Zambia sets sights on $12 billion revenue surge by 2028 in tax overhaul

• Zambia aims to grow domestic revenue by nearly 30% by 2028, reaching 22.8% of GDP
• Analysts warn tax expansion may reduce household spending power

LUSAKA, ZAMBIA – Zambia has set bold revenue targets in its 2026–2028 Medium Term Plan, projecting a nearly 30% rise in domestic earnings – from K213.3 billion ($9.1 billion) next year to K274.8 billion ($11.8 billion) by 2028 – as the government pursues aggressive tax reforms to restore fiscal stability.