UA-55300619-1

Musokotwane’s K173bn budget, a beggar’s wishful list- Mwenda 

Filed under: Business,Latest News,Special Comments |
1,890 Views

Technically it’s not a budget, it’s a wish list because it’s based on us borrowing almost 50% to finance it.

UPND government is playing to the gallery and has also failed to show how Zambia Revenue Authority-ZRA will earn it nor is it anywhere near our “depleted” reserves nor our non existent coffers as President Hakainde Hichilema proclaimed.

In paragraph (25, 144) the Minister indicates that ” the level of our fiscal deficit and debt is unsustainable” as we stand at $14.71 billion external debt yet he goes ahead to present a $ 10 billion (K 173 billion) budget to be financed grossly through more borrowing from the IMF as indicated in paragraph (178).

What is disheartening is that the total revenue target from ZRA is a paltry K96.8 billion for 2021 so the K81.2 billion will be borrowed!! That’s almost half the budget.

This budget is a dangerous wish list that will not only plunge our country into deeper debt but auction our country to the slave whilms of the IMF.

It’s time we became responsible and earned our own money from our abundant resources STOP this incessant borrowing! It is keeping us in poverty.

The wise make a budget based on your revenue capacity, not our neighbors pocket, it’s that simple.

As Economic Freedom Fighters-EFF, we will soon make available a budget that can navigate us across these potholes.

The 2022 UPND budget is a dangerous wish list meant to excite the gullible yet it’s ramifications are worse than where the PF has left us.

Kasonde Mwenda C
Economic Freedom Fighters-EFF President

Facebooktwitterredditpinterestlinkedinmail

2 Responses to Musokotwane’s K173bn budget, a beggar’s wishful list- Mwenda 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.