Mugabe legitimises fiscal indiscipline

via Mugabe legitimises ‘fiscal indiscipline’ | SW Radio Africa. 16 June 2014  by Nomalanga Moyo

 

President Robert Mugabe has signed into law the Financial Adjustments Bill thereby transferring unauthorised expenditure from 2013 to the current budget.

According to the Daily News, the government overran the 2013 budget by $400 million with the biggest spender, the Justice Ministry, accounting for at least $143 million of this amount.

The Agriculture Ministry over-ran its allocation by $82 million, the Home Affairs Ministry spent an extra $80 million, while Mugabe’s office gobbled up an extra $31 million.

Harare-based economist Vince Musewe castigated the government for legitimising fiscal indiscipline and for being a liability on Zimbabwean taxpayers.

“A government overspends because those authorised to spend money are doing so outside the parameters of the previous year’s budget. This really ridicules the whole point of budgeting in the first place,” Musewe said.

The move also means Minister Patrick Chinamasa, who has been saying Treasury is skint, has to accommodate this unauthorised spending in the current budget.

“This again makes this year’s budget meaningless and to add insult to injury as Zimbabweans are never told what the money was spent on.

“What we know for sure however is that the funds were not spent on either paying civil servants’ salaries, or on school fees for vulnerable children, or reviving the economy. All this has been offloaded on to western donors.

“This is a reflection of the culture of incompetence and unaccountability of this government which can’t even stick to the budget approved by its parliament,” Musewe added.

In the current budget Mugabe’s office received $200 million which many Zimbabweans feel the President spends on his numerous travels abroad while the country collapses.

“This is a huge allocation for an office that is not delivering either on effective political leadership or in terms of ensuring that people have jobs,” Musewe told SW Radio Africa on the Zim We Want programme.

 

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8 comments on “Mugabe legitimises fiscal indiscipline
  1. andy says:

    So what’s New. ? These clowns couldn’t run a bath let alone an economy

  2. zanupf fear me says:

    Zanupf looting started on 18 April 1980. I personally saw it with disgust but was not surprised !!!!!!!!!! Muse we always states the obvious regurgitates old knowledge. What’s new young boy ?

  3. John Thomas says:

    The filthy pigs keep on feeding

  4. Kusvikazvanaka says:

    Roads are now resemblance of death traps. Drinking water is like taking in a pesticide. Traffic police are equal to corruption. Going to the hospital is like applying for death. A minister is as good as a robber. Getting a salary is like applying for a loan. Poverty for the rest of the people is the norm. Presidential promises are a fool’s paradise. It goes on and on and on. Education is for the rich. See the following Basic facts about Africa and remember Zimbabwe is worse than all these: Sub-Saharan Africa is the only region in the world where poverty has increased in the past 25 years.
    • 32 of the world’s 38 heavily indebted poor countries are in Africa.
    • Half the population of Africa lives on less than US $1 a day.
    • Slums are home to 72% of urban Africa’s citizens.
    • Primary school enrollment in African countries is among the lowest in the world.
    • 33 million primary school-aged children in Sub-Saharan Africa do not go to school. 18 million of these children are girls.
    • In Sub-Saharan Africa, only two-thirds of children who start primary school reach the final grade.
    • Although literacy rates have greatly improved in Africa over the last few decades, approximately 40% of Africans over the age of 15, and 50% of women above the age of 25 are illiterate.
    • There is an average of 40 pupils per teacher in sub-Saharan Africa, but the situation varies considerably from country to country. In many countries, it is more than 60 to one.
    • Africa loses an estimated 20,000 skilled personnel a year to developed countries.
    • Average life expectancy in Africa is only 46 years.
    • There are an estimated 5,500 AIDS deaths a day in Africa.
    • AIDS decreases in villages where there are primary schools.
    • In Uganda, a child who quits attending school is three times more likely to be HIV positive later on in life than a child who completes basic education.
    • HIV/AIDS is likely to claim the lives of 10% of teachers within the coming five years, and 20% of school-age children will be AIDS orphans. What a PAIN!!!!!

  5. NBS says:

    What is evil and of darkness can only bring death and destruction. What spirit is driving this party. Church wake up and pray. Church wake up and begin to repent. Anything ZPF now touches turns to death for the nation. What does that tell even a half asleep church. Wake up and see. God is our saviour.

  6. Chaka says:

    Is God hardening the heart of the president as He did to Pharao’s heart? Surely something is wrong. True, everything they touch turns to dead. True, let’s pray and wait for God’s answer. It’s surely coming.

  7. harper says:

    By 1984 Ministers had “borrowed” so much of their own and other ministry’s money for personal use that it was a national embarrassment. PM Mugabe forced Finance Minister Chidzero to grant them all a secret one off pay rise to repay the debts. The beginning of the downward spiral.

  8. Mark Talbot says:

    This headline was relevant in the 1990′s. It has long since stopped being news.

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