by Omphile Ndlovu on 21 Sep 2019by Diggers Correspondent on 21 Sep 2019by Julia Malunga on 20 Sep 2019by Ulande Nkomesha on 20 Sep 2019
by Stuart Lisulo on 19 Sep 2019by Sipilisiwe Ncube on 19 Sep 2019by Julia Malunga on 17 Sep 2019by Stuart Lisulo on 17 Sep 2019
by Zondiwe Mbewe on 20 Sep 2019by Zondiwe Mbewe on 19 Sep 2019by Zondiwe Mbewe on 19 Sep 2019by Zondiwe Mbewe on 18 Sep 2019
- Goal Diggers
by Mazuba Muleya on 18 Sep 2019by Abraham Kalito on 17 Sep 2019by Abraham Kalito on 13 Sep 2019by Abraham Kalito on 13 Sep 2019
by Diggers Editor on 20 Sep 2019by Diggers Editor on 19 Sep 2019by Diggers Editor on 18 Sep 2019by Diggers Editor on 17 Sep 2019
- Guest Diggers
by Simon Manda, PhD on 16 Sep 2019by Simon Manda, PhD on 7 Sep 2019by pilAto/ Fumba Chama on 7 Sep 2019by Chisoni Mumba, PhD on 17 Aug 2019
- Editor's Choice
by Diggers Correspondent on 24 May 2019by Diggers Reporter on 4 Mar 2019by Andyford Mayele Banda on 29 Jan 2019by Davies Mwila on 22 Jan 2019
by Diggers Correspondent on 11 Aug 2019by Mukosha Funga on 27 Jul 2019by Mukosha Funga on 21 Jul 2019by Web Master on 27 Jun 2019
Debt repayment hampering development – MsokotwaneBy Mukosha Funga on 19 Jul 2018
Liuwa UPND member of parliament Dr Situmbeko Musokotwane has lamented that the strenuous debt repayment schedule is affecting developmental projects all because the Patriotic Front was contracting loans as if they were picking fruits in a forest.
Debating the Supplementary estimates No 1 of 2018 in Parliament, Tuesday, Dr Msokotwane observed that government had to increase its budgetary allocation for debt repayment to the Exim Bank of China at the expense of releasing Constituency Development Fund.
“On page 40, debt management to non Paris Club, specifically to the Exim Bank of China. The budget was K1.24 billion and now we are proposing to increase that by K897 million. Why? Because we are busy collecting debt like we are just picking fruits from the forest. On the next page, interest payments on treasury bills. The original amount was K2.8 billion and now we are proposing to increase that by K1.7 billion because again, we are busy collecting debt from everywhere. Loan amortization, original amount was K208.4 million, we are proposing to increase that by K90 million. So, Mr Speaker, it is not surprising at all if the Minister of Finance is struggling to give us the CDF that we so desperately need because the government is busy borrowing money from everywhere, trillions of Kwacha in extra payment of debt service that we have to make. This is what is causing the government to fail to give us CDF, there is no other explanation. I think it is devastating. So on account of this, as for me, I am sorry to my friend and colleague over there, given that you are failing to give us money for CDF…I am sorry, this supplementary thing does not make sense so I reject it,” Dr Msokotwane said.
“I want to express disappointment that despite then assurance that we were given last time when we were in the House that the 50 per cent of the CDF that was not released in 2017 would be released this year, and I was looking forward to seeing that in the Yellow Book supplement and there is nothing. And colleagues on the right, I think we are all members of parliament, if resources are not being provided, it is the people that we represent that are going to suffer. I think we should make that demand that the money be given to us because if we don’t, we are failing in our duties as a people.”
He lamented that she of the money being proposed for supplementation was on induced activities like by-elections.
“Some of the money that is being proposed for supplementation here is on activities that are induced, the by-elections, it is very sad. Now I want to draw your attention to some of the pages in this document where proposals are made about which budget lines are to be increased. Let me go to the major items starting with page 32 of the document. On page 32, there is a proposal under infrastructure development, construction of stately infrastructure, whatever that means. The initial proposal was K2 million, now we are proposing to put K452.6 million. Mr Speaker, what is this stately expenditure that denies us the CDF to give to the common man and we are proposing to spend K452 million on stately infrastructure, whether this is the new State House, we don’t know, maybe the minister must explain what it is but for me, this is really very sad,” said Dr Msokotwane.
“On page 37, this is under Zambia Security Services, Office of the President, special branch. The proposal for the year was K51 million, we are proposing to increase it by K122 million again at a point when we are failing to construct classrooms, we are failing to complete clinics, we are failing to buy chalk but we want to out money to an institution that we know primarily serves the government, sometimes to torment members of the opposition. On Page 39, agricultural department, construction of silos, these being for food, I am hesitant to say much about this but still, when we deny CDF but we are proposing these huge amounts of money, just below that there is input support, the original amount was K1.75 million, we are proposing to increase by K700 million, I am a but hamstrung again to criticize this given that most of the beneficiaries are the rural people that we represent. Now this is where I come to the issue that we have been talking about all this time. These loans that we are so busy acquiring. The limitless thirst for debt, see now what is happening, see what they are causing to this country.”
About Mukosha Funga
Mukosha is interested in good governance and anti-corruption reporting.
- UK responds with relief food to hunger disaster - 19 Sep 2019
- Lungu fires 3 permanent secretaries, makes reshuffles - 3 Sep 2019
- ZRA resolves $7.6 billion tax “evasion” by Kalumbila, waives some penalties - 26 Aug 2019
- Kabwe children contaminated with toxic Lead, reveals Human Rights Watch - 26 Aug 2019
- Luapula man beats wife to death for being drunk - 25 Aug 2019
- Thanks to Goswami, Lungu’s chickens are coming home to roost (12,202 views)
- UK responds with relief food to hunger disaster (1,974 view)
- PF need a miracle to pass Bill 10 – Nkombo (1,776 view)
- Lungu’s continued association with Findlay damaging the Presidency - KBF (1,293 view)
- Power is like buttocks, when you go up, prepare to go down (988 views)
- Zesco tariffs to go up by 75%, we also need to revise fuel prices - Minister
- HH shouldn’t be moving around like a cockroach in the kitchen - Bowman
- Germany ambassador offers to help FAZ find a coach
- Airtel agent in court for defiling wife’s sisters
- We warned Lungu over his friendship with Valden Findlay
Subscribe For News In Email
The News Diggers
Deputy News Editor
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend