Budget credibility is vital for maintaining stakeholder confidence, ensuring transparency, accountability, and efficient use of resources. It is a critical measure of a government’s commitment to its fiscal plans and policy commitments. When budgets are credible, they facilitate better planning and implementation of public services, leading to improved social and economic outcomes. Conversely, deviations from the budget can undermine trust and hinder development efforts. In recent years, Zambia has faced significant challenges related to public debt, which have profound implications for budget execution. The report gives a thorough review of national budget execution in light of Zambia’s debt landscape.