Biti Rubbishes Chinamasa’s Budget, Calls It “A Joke”

By Terrence Mawawa| Former Finance Minister Tendai Biti has described the 2018 National Budget as a big yawn.

The budget was presented by Finance and Economic Planning Minister Patrick Chinamasa in Parliament on Thursday. Speaking in Harare today Biti said Zimbabwe was on a knife edge as a result Zanu PF’ s disastrous policies.

“Our country is on a knife-edge, my statement is not just a negative critique of what was presented yesterday but it seks to offer sustainable solutions. The military coup was not the first one in this country, in 2008 JOC conducted a pre-emptive coup to prevent Tsvangirai from being sworn in as President of Zimbabwe.

Zimbabwe is facing a constitutional crisis, we have tanks on the streets and we are surviving in a new era so there is need to deflate this military party institution.  Our people are surviving on less than $0.35 a day and the budget does not address such fundamental issues,” said Biti.

He added: “The projection of inflation is unrealistic. It is also hard to imagine where $5.1 billion will achieve-the only figures they will achieve are the expenditure figures, in fact they will surpass them. – Source: