Opposition UPND Bweengwa Member of Parliament Highvie Hamududu has warned of unprecedented excess expenditure if government does not revise the 2015 national budget.
Mr. Hamududu who is also Chairperson of the Expanded Parliamentary Committee on Estimates said the budget is law and therefore the 2015 national budget must be inevitably revised now that six months has elapsed from the time it was passed by Parliament.
He told Qfm News by telephone that he thinks the PF government knows what it is supposed to do and must not pretend as if things are normal after adjusting the Mine Tax regime.Mr. Hamududu has maintained that government must cut down on non priority expenditure areas in revising the national budget if the country is going manage to sail through.
He said that in its current form, the 2015 budget is already indicating a serious overrun because the PF government has announced too many projects beyond what the budget can carry.
Mr Hamududu says he has taken note that the budget overruns under the PF government has been mounting over the years and therefore what is happening now is the fruition of the mismatch between Zambia’s capacity to generate revenue and the many expenditure items the government has pushed through.
We saw Kabanshi dishing out money in Mulobezi, we have read in the Post that all “defectors” in North Western Province are being paid, this is the reason PF is broke. The fixation is how to hold onto power even without a vision
THEY SAY THEY ARE NOT BROKE. HENCE TOO MANY PROJECTS IS GOOD AS LONG AS THEY COMPLETE ALL OF THEM BEFORE DECEMBER THIS YEAR. LET THEIR LIES BE EXPOSED BY TIME. VIVA UPND VIVA!
@ TRUTH
You are asking for multiple miracles to be financed by what and from where?
They dont care as long as they continue to secure more loans to cater for the projects after all the aim is to try and win the 2016 elections then they wil slow down
@Obatala, it’s true they were given utu ma K20 in Solwezi.
Guys face facts,
Only a reputable government can get loans.
Are you saying that all of the lenders are stupid?
In this time of financial meltdown, they must have seen the upside of Zambia…. AND PRESIDENT LUNGU’s GOVERNANCE?
@Sikazwe! These lenders know that should they face any problem where servicing of the debts is concerned, they can easily sell these debts to vulture fund syndicates who can recover it at a higher cost to the country! Mr Sikazwe, don’t think that just because they are lending to us we therefore credit worthy, no the opposite is the case!
If has anything to say on the projects and loan he has all rights but Pf Government won’t stop carrying them out. Sorry sir waloba ilya uma
Starting a project does not mean it has to be financed and completed in one year. It is a long term commitment that we lacked in previous governments. Go PF Go. Zambia should be a construction site.