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Alba Iulia
Thursday, May 28, 2020

Austerity measures meant to stabilise the economy, Mundubile tells North Province

Rural News Austerity measures meant to stabilise the economy, Mundubile tells North Province

Northern Province Minister Brian Mundubile inspects construction works of a K 141m, 3.6km Kasama Aerodrome in Kasama, Northern Province by a Chinese firm Anhui Shui’an Contruction Group Corporation (Z) Limited today. Looking on is Resident Engineer Witika Chileshe and RDA regional Coordinator Simon Chimwando.

Government has assured people of Northern Province that the decisions made by cabinet to introduce new measures to re-stabilise the national economy will benefit of every Zambian.

Provincial Minister Brian Mundubile made the assurance when he addressed stakeholders in Mporokoso district during sensitization meetings held on the austerity measures.

Mr Mundubile said cabinet made bold decisions to review contraction loans and projects, improve liquidity, and increase Gross Domestic Products and international reserves to ensure that the country’s economy gets back on track.

He explained that government has also started evaluating on-going capital projects and also prioritising the critical ones.

Mr Mundubile has since instructed the district administration in Mporokoso to continue creating awareness on the austerity measures, and assure the people of government’s commitment towards improving the economy.

The Provincial Minister also highlighted some of the outcomes of the national dialogue forum and reiterated that the process was in good faith.

And Mporokoso District Commissioner Bridget Chitundu thanked Mr Mundubile for engaging the traditional leadership, public service workers and political players on matters of national interest.

Ms Chitundu said the information disseminated will go a long way in making people appreciate government efforts in improving the country’s economic status.

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  1. To all those that seem to have a problem with me celebrating the love I have for a woman who just happens to be white, let me ask you this. Why is it ok for all you blacks to sing praises and feel proud about dating your “black queen ” and yet you feel offended by my love for my Elisa? You cry like little babies claiming that there is no racial equality for us blacks and yet you are being discriminatory against a white woman and black man who are in love. Why can’t I be proud of her whiteness? Why does it bother you that l also like her skin colour as much as she does mine? Ebony and ivory haters!!

  2. The recent government institued austerity measures will never in a million years stabilise the economy. This policy decision is clearly an indication of the lack of understanding by the ailing slumbering Mwanakatwe of the principle hurdles that currently characterise the Zambian economy. In short, austerity is basic quantitative tightening (QT) intended to decrease the amount of liquidity within the economy. But in Zambia’s case, all one needs to read is the recent Financial Intelligence Centre report. add the satanic transaction deals such as the Lusaka Airport, Ndola Airport and Lusaka Ndola Highway inflated costs and compare these amountgs to the Zambian GDP to see what is breeding all this inflationary exuberance, high interest rates & spiraling national debt! It’s clearly a massive…

  3. … exposure to a stinking kleptocracy that is grounding the Zambain economy to a halt. A more sensible & straightforward approach, which has the best interests of Zambians at heart, would be to simply stop stealing by quiting satanically inflating government contracts with vile kick-backs. The fload of dirty money in the economy is just fueling national debt with zero benefit to Zambians. But as debt repayments kick in, the country has less and lesser remaining in the pool to meet other domestic obligations. Thus to apply austerity i.e. quatitative restriction to a sluggish economy in which growth is slow, flat or declining is foolish because it will only yield the opposite results. The answer is for the PF and Lungu to quit STEALING!

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