National Restoration Party (NAREP) president Elias Chipimo has blamed late former president Michael Sata for the budget deficit.
Mr Chipimo told radio Phoenix in an interview that the current debt woes that Zambia is facing are as a result of unplanned projects and expenditure by the government.
“The late president Micheal Sata, may his soul rest in peace, created 20 new districts without financing from the budget and this in turn has led to unexpected expenditure on the part of the government,” he said.
Mr Chipimo has since appealed to the Zambian people to brace themselves for economic hard times ahead as a result of more borrowing by the government.Last week, parliament voted in favour of the increase in the debt ceiling to K60 billion.
Meanwhile, former finance minister Dr Katele Kalumba has said the raise in debt ceiling does not mean Zambia will have to borrow to the limit of the ceiling.Dr Kalumba explained that what Parliament has done is to give the Minister of Finance Alexander Chikwanda room to maneuver around.He told Qfm News by telephone that Zambians should appreciate that the major
infrastructure projects government has embarked upon in the country require some room to maneuver.
Dr. Kalumba stated that this therefore entails that unless the infrastructure projects are completed, productivity in the country might be affected negatively.He has implored critics to be balanced in their assessment of government’s decision to increase the country’s debt ceiling.