Constitution of Zambia (Amendment) [No. 2 of 2016 87 (b) that any monies received in respect of a loan or grant approved by the National Assembly shall be paid into the Consolidated Fund, or other public fund or public account. 208. (1) A public debt shall be a charge on the Consolidated Fund or other public fund. Public debt (2) For the purposes of this Article, “public debt” includes the interest on that debt, sinking fund payments in respect of that debt and the costs, charges and expenses incidental to the management of that debt. 209. (1) There is established a Compensation Fund for the purpose of settling claims against the State. Compensation Fund (2) The management of the Compensation Fund shall be prescribed. 210. (1) A State organ, State institution and other public office shall procure goods or services, in accordance with a system that is fair, equitable, transparent, competitive and cost-effective, as prescribed. Public procurement and disposal of State assets (2) A major State asset shall be sold, transferred or otherwise disposed of, as prescribed, subject to the approval of the National Assembly signified by a vote of at least two-thirds of the Members of Parliament. (3) For the purposes of this Article, “major State asset” includes a parastatal and equity held by the Government, as prescribed. 211. (1) The Minister responsible for finance shall, within three months after the end of each financial year, prepare and submit to the Auditor-General the financial report of the Republic in respect of the preceding financial year. (2) The Auditor-General shall, within two months of receipt of the financial report, examine the financial report and express an opinion on the report. (3) The Minister responsible for finance shall, within one month after the receipt of the Auditor-General’s opinion, lay the financial report, with the Auditor-General’s opinion, before the National Assembly. (4) The financial report shall include information on— (a) revenue received by the Republic during that financial year; Financial report of Republic

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