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We Won’t Borrow Funds For Referendum – Simbyakula
GOVERNMENT will not borrow money for funding a national referendum as proposed by a coalition of civil society organisations advocating a speedy review of the constitution.
Last week, the Grand Coalition implored Government to consider borrowing money for the national referendum so that it can be held before the 2016 general elections.
But Minister of Justice Ngosa Simbyakula said in an interview yesterday that it would be unreasonable for Government to borrow money for a referendum as it has pressing national issues to attend to.
“We will not borrow money for the referendum as suggested by some civil society organisations,” Dr Simbyakula said.
And Dr Simbyakula said Government has made progress towards the publication of the constitution of Zambia draft bill.
The minister said Government will keep the nation informed on publication of the document.
“This is just the beginning of the week, we will keep you posted on the matter as the week unfolds,” he said.
Last week, Dr Simbyakula announced during a press briefing that Government will publish the constitution of Zambia draft bill.
He said the publication will include non-contentious issues in the final draft constitution.
Government has tabled the Referendum Bill in Parliament.
The bill seeks to amend the Referendum Act of 1967 to bring it in conformity with the constitution on the eligibility criterion for voting in national referendums.
Posted by Editor
on June 23, 2015. Filed under LATEST NEWS.
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Judge Joe Bidden
June 23, 2015 at 9:54 am
Yes the Govt wont borrow no money, because it has borrowed from almost all the funding institutions and aiding countries. Thats a problem when you keep borrowing money for useless expenses when it really matters, they all gonna say first pay what you owe us first. Zambia has poor economic record with the World Bank, IMF, EU, (Never-you-mind USA long gave us the middle finger) so who can fund a Zambian referendum that wont even bring profit or NET returns? Just forget it.
Vampiro @ ONYX POWER
June 23, 2015 at 2:57 pm
It’s different when a poor nation borrows than a rich nation.
MCCM
June 24, 2015 at 12:33 pm
At the end of FY 2015 total debt in the USA,including federal,state,and local,is $21.694 trillion.St Louis Federal Reserve’s latest economic data shows US govt,businesses and its people having $59.4trillion in debt in the 1st quarter of 2014 on 31 march.
Who then has more debts?
MCCM
June 24, 2015 at 12:37 pm
Bidden u are educated,why put yourself in the shoes of NEZ the shallow thinker.The so called developed countries owe banks more than we do.We need loans for us to run properly our businesses so is govt
Mutomba mahule
June 23, 2015 at 11:07 am
True its too much of borowing even at home if u ar fond of borrowing u loose respect from others,twaköngola sana bane reduce kwati chisela
chatasha
June 23, 2015 at 11:47 am
Mwalanda bwino bane,they no idea where to go.Nakaloba has a ceiling.
TRIPOLI
June 23, 2015 at 2:45 pm
YOU WONT BORROW BECAUSE THERE IS NO WHERE TO BORROW NOW
Hello Haters
June 23, 2015 at 4:46 pm
Kikikiki, ba simbyakula even lenders(ba shylock) the got limits, kukongola sibalesa manje kakongoledwe. Try bachipasepase ba China, olo maybe nabeve balema?
Judge Joe Bidden
June 23, 2015 at 8:19 pm
Hahaha you made me laugh ya China doesn’t care! Let me finish my Heineken and go home before my sweet moma start calling.
Hello Haters
June 23, 2015 at 8:44 pm
Say hello to her, hey jjb some guys like flirting with moma,hope your eagle’s eye is ever alert, just watch your back, a Vampiro something, kakolwe and hachileshe, very deadly bunch of green cadres.
Judge Joe Bidden
June 24, 2015 at 7:47 am
Eish slight headache
About them boys I even planted GPS in their shoes my phone vibrates very violently when one of them happen to be within 50m radius of Moma!
observer
June 23, 2015 at 11:31 pm
when it suits them ngos encourages the government to borrow .shame.
John kabengele
June 24, 2015 at 2:30 am
Is Simbyakula the acting president?, where is Ingonge mwebantu?
Judge Joe Bidden
June 24, 2015 at 7:50 am
Naba Inonge nabo doesn’t look very healthy. Bwafya kaya
MCCM
June 24, 2015 at 12:33 pm
At the end of FY 2015 total debt in the USA,including federal,state,and local,is $21.694 trillion.St Louis Federal Reserve’s latest economic data shows US govt,businesses and its people having $59.4trillion in debt in the 1st quarter of 2014 on 31 march.
Who then has more debts?