Now Mutati says there will be suffering in next 3 years

Now Mutati says there will be suffering in next 3 years

img_1481Barely a week after lying that the country has recovered from poverty and has excess money, MMD’s Felix Mutati says Zambia will have serious financial pressure in the next three years.

Mutati, the PF minister of Finance says the country is currently consuming all its collections. Just last week he said for January 2017 alone, his regime had collected over K27 million excess money.

But this week, Mutati who seems to talk then think,
Said this is because 50 percent of what is collected goes to payroll, 20 percent on servicing debts and 15 percent running civil service while health and education gets 10 percent leaving nothing for investments.

He was talking to a few Zambians living in the Cote D’ivoire Capital Abidjan.

He said the country will also engage the International Monetary Fund -IMF.

The MMD faction president said he was in Abidjan to engage the African Development Bank -ADB- over the financing gap the country is faced with despite making major economic strides.

Mutati further said electricity tariff adjustments are underway.

Share this post
Skip to toolbar