I have a launched a petition against the proposed government borrowing by Minister of Finance Chikwanda. Our goal is to show and record in history that we stood against this. So when this government fails to pay and we default history will not be harsh against us because we stood firmly and asked the government to instead cut expenditures as opposed to borrowing money to cover their financial gap.
The result of this gap is pure gross financial mismanagement; and not the highlighted desire for infrastructure development. We can not continue chasing a development plan we cant afford; we need to live within our means; alternative the government can improve on revenue collection by addressing the corruption that is rampant by tax evaders as well as the civil servants; we cant force our children to pay for the mismanagement of this generation.
Lets make a note in history to that we were against the $2billion proposed borrowing by the government. While we are very much aware that borrowing is not a problem in of itself, we feel the government of Zambia (2011- 2016) has not tapped out all alternatives of bridging the gap which can include a combination of strategic tax increases as well as expenditure cuts. The Zambian government continues to dig us deeper into debt to sustain a development plan that the country can’t afford. We need to aim for a balanced budget, a budget that can sustain meaningful development, and work harder at improving our revenue collection methodologies as well as cut expenditures on government spending.
By George N. Mtonga II