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HH: Excessive External Borrowing by PF Govt an Indication Of Lack of Priorities
UPND president Hakahinde Hichilema (l) with his vice Richard Kapita
Mr. Hichilema says the PF is borrowing in order to award contracts to party allies.
He says it is unacceptable for the country to continue borrowing at the current rate when the country is coming out of the debt burden which was diverting resource from development to debt servicing.
Mr. Hichilema says the patriotic front government wants to take the country back into the debt crisis.
He adds that it is risky for the country to have a debt of close to five billion dollars in two years when it took decades for the country to have a 7.3 billion dollar debt, written off.
On Wednesday secretary to the treasury Fredson Yamba said Zambia’s current external debt and domestic debt levels still remain below the international thresholds of 40 and 25 percent respectively.
Mr. Yamba disclosed the country’s external debt is slightly over $3 billion.
Posted by
Akabanda Mateshi
April 26, 2014 at 9:44 am
Let’s wait & see..
#guru
April 27, 2014 at 10:58 am
jamakudi
April 26, 2014 at 10:07 am
STOP calling HH tribal leader tumfweko. In any case is sata any better?
lusala Buntele
April 26, 2014 at 10:08 am
By the way, who has no tribe or support from where they come from?
Rupiah Banda
April 26, 2014 at 10:32 am
How many bembas has Sata appointed in government positions compared to other tribes if he is not a most tribalistic person? Mumembe please call Sata Tribalist not HH with educated manners and high calibre.Sata has appointed many bembas that other 73 tribes in Zambia.Of which bembas are even dull & sarcastic people,They have contributed a lot to our undeveloped country.
Musonda Njalamimba
April 26, 2014 at 12:22 pm
Bembas are a majority in Zambia and always have a say in one becoming a president of Zambia. If you do not have bemba support you can not be President of Zambia.
wisdom
April 27, 2014 at 1:29 am
You cheating you *****.
succynl COA
April 26, 2014 at 10:46 am
its true mr president. now pf does not listen
RCM
April 26, 2014 at 11:23 am
You should be mindful Mr. Banda not to generalise issues if you met a bemba who was sarcastic & dull that does not mean all bembas are dull. its such comments from people like you that cultivate hatred among tribes. Are you sure you have never met an intelligent bemba in your life to be frank? am sure you have met many just as you have met intelligent people from other tribes in Zambia. I ask you not to generalise issues otherwise you will hurt many and in that way it defeats the main purpose of this site.
kakolwe
April 26, 2014 at 3:18 pm
As usual, ka Hakainde, sounding so intelligent but without options. He is so like the late Chama Chakomboka who could say that he knew where the Best of Zambia precious stones & minerals lay and he would only show us when voted into power!! Same nakakene ka HaHi.
Salama
April 26, 2014 at 4:50 pm
Sata is more tribal than HH. He has promoted and thrived on cronyism and nepotism. One does not have to look far to find the evidence. We must kick the clown out in 2016. He was never useful for this country. He has left a trail of rot where ever he has been in the past.
FuManchu
April 26, 2014 at 5:16 pm
Some commentaries and news media teyakukonkelesha especially on this tribal issue. Just look around you and the mixed variety of people/friends surrounding you, doesn’t it make you proud you belong to such a rich cultural mix? Sometimes I marvel with pride at the big integrated mix found where the common people mingle, that’s the Real Zambian family!
pears musele
April 26, 2014 at 7:43 pm
Stop calling HH tribal Leader his vice he’s Lunda kubula mana
tito
April 26, 2014 at 8:28 pm
prakutakumakushakumangandemwanawasakkmasebodorarbftjmktwochirwakinyankaondefumanchu.bembatongbisa………..translation …fumanchu…..you have jus said the most sensible thing .lets all harmonise for a one and better zambia.peace
jamakudi
April 26, 2014 at 9:50 pm
Bembas r not majority in Zambia. What nonsense is that?
kakolwe
April 27, 2014 at 7:59 am
Yes FuManChu, we love & pride in our diversity. The problem may arise if one day Sata’s relatives woke up & announced that “ONLY A BISA CAN BE PRESIDENT of the PF” There and then, shall we label them a tribal party until they make physical and tangible redress.
jamakudi
April 27, 2014 at 11:27 am
Borrowing per se is not wrong as long as u also have a plan of utilisation and repayment. What hh is saying is excessive borrowing is dangerous. And most of these borrowed money is only used to develop the north. The solwezi to chingola road which is an important economic road, has been neglected deliberately. I wonder if kansanshi mine and lumwana where in muchinga, the road would have been neglected.
zodiac
April 27, 2014 at 7:36 pm
Any way Zambians we are full of talks without deeds i wish it was the opposite that is why this country economically is in the hands of foreigners us it is poverty and just talking day-in day-out sorry zambia.
Umuntungwa
April 27, 2014 at 9:12 pm
****** Tumfweko