There is no budget overrun and I won’t fire Chikwanda – Sata

President Michael Sata has dismissed assertions that the Patriotic Front (PF) government’s national budget has collapsed.

Sata has therefore described such claims as premature, unwarranted and mischievous.

“ Our foreign reserves currently stand at about US$2.4 Billion while the country has recorded over US$2 billion in investment pledges in various sectors of the economy in the first quarter of 2013,” President Sata says.

“Similarly, non-traditional exports grew to US$530.7 million in the quarter of 2013, compared with US$500.9 million recorded during the same period in 2012. It is therefore, irresponsible to engage in extreme talk amidst such a robust national economic performance.”

Sata said this in a statement by his mouth-piece George Chellah, in Lusaka today..

‘In line with the PF manifesto’s commitment of promoting inclusive growth and social justice for all, the government is running an activity based budget and has continued financing projects and programmes judiciously’, President Sata says.

“The focus of the 2013 Budget is to facilitate accelerated and sustained economic growth that translates into tangible realities for our people such as generation of sufficient and stable jobs, a redistribution of income and opportunities in favour of the poor, access to basic services and a general improvement in the standards of living .

“Consequently, we have made substantial allocations towards the health, education, water and sanitation and local government sectors. Other interventions have been targeted towards facilitating sustained growth in the agriculture, tourism, infrastructure development and manufacturing sectors, ”  he says.

In order to guarantee the execution of pragrammes and activities, the President has directed the Treasury to ensure that programme implementation reports are submitted by Ministries, Provinces and other  Spending Agencies (MPSAs) prior to receiving subsequent funding.

President Sata says the PF government is working tirelessly and with greater urgency to ensure that all priority sectors of the economy flourish within the projected benchmarks.

Meanwhile, President Sata has dismissed reports that he intends to substitute finance minister Alexander Chikwanda with a named former finance minister, describing the reports as cheap careless gossip.

COMMENTS

WORDPRESS: 66
  • comment-avatar

    jesus never attended any formal sch bt he knew how to read,write and understood economics and thats how he was able to advice his followers to give ceazer wat belongs to him.

    so wat more an educated man of standard 5 !

  • comment-avatar
    CLERK 4 years

    Satanomics.

  • comment-avatar
    kanyinji kalutwa moses 4 years

    Michael will always do whats best for the people, and people will always do whats waste for Michael.
    MMD PF
    23-cabinate Ministers 19-cabinate Ministers
    20 years 5 major roads 2 years 8 major roads
    subsidy but people remained poor No subsidy but confident
    Zamtel sold Zamtel returned
    20 yeas no rehabilitation at UNZA 2 years UNZA looking new
    5-10% increment for civil servants 200% increment

  • comment-avatar
    Kaponya 4 years

    You useless economist. Analyze the statement. We are not broke yet, we still have foreign reserves. Only when they ran out will the government say we have a budget problem.

  • comment-avatar
    John Cena 4 years

    Countrymen. You don’t even have to go far. Ask any civil servant on how erratic the funding is in government institutes. Most of the projects are continuously being delayed or not happening at all…only those politically oriented move. Of course, funds are available for Ministers to use on TRAVELING.

  • comment-avatar
    PAMAFI (PF ) PARTY 4 years

    I WORK AT MINISTRY OF FINANCE..IT IS TRUE GOVT IS BROKE. THERE IS HUGE EXPENDITURE SUCH THAT WE DONT KNOW WHERE TO TURN TO FOR MONEY…..BLOATED GOVT.MASSIVE CREATION OF DISTRICTS,

  • comment-avatar
    PAMAFI (PF ) PARTY 4 years

    WE HAVE ALWAYS SAID IT AND WE WILL SAY IT TILL 2016 …PABWATO SINKING…KIKIKIKIKIKIKI………..WAIT AND SEE. HUGE EXPENDITURE WHERE WILL GOVT GET MONEY.

  • comment-avatar
    QUESTIONER 4 years

    This man thinks that if he mentions the submission of reports by implementing agencies we will think that the PF is running government prudently. Far from it. This is mere rhetoric. The government is broke and there is a serious budget over-run. And what kind of president is this who wants to run the country through press statements? Why can’t he hold a press conference to address the ALLEGATIONS? What is he afraid of? Why is he failing to face his own people? Press statements can never convince people because they lack the human element – they are remote and used by those who have something to hide. The government is avoiding being asked some critical questions to which they have no answers. They have resolved to be impersonal in the way they are governing. What a shame! We challenge Sata to call for a press conference if he is not afraid of being put on the spotlight for the numerous errors he has committed. His cronies are also shielding him because they know he has no substance to handle the press – he will just expose his stupidity and lack of understanding of how government is run. This country is in a BIG MESS and it is all our fault.

  • comment-avatar

    A liar CNP plus make matters worse grade 7 knows zero?

  • comment-avatar
    MULENGA WA MPANGA 4 years

    Well it is obvious that there is a number of unplanned for expenses, with an over stretched bye election expense, huge cabinet and madam kasebas allocation, all these expenses are able to over run the budget.

  • comment-avatar
    CHIYABI 4 years

    WHAT A LYING PRESIDENT! SHAME.

  • comment-avatar
    CHIYABI 4 years

    WHAT A LYING PRESIDENT!

  • comment-avatar
    Zambeeeef 4 years

    WAPYA MULILILO VILLAGE CONCEPT BUDGET 2016

  • comment-avatar
    Zambeeeef 4 years

    kekekkekekkekekkeke we know everything you can not cheat us come 2016 Miyanda with Village concept budget

  • comment-avatar
    Blago 4 years

    What an incoherent statement!

  • comment-avatar
    mukondo 4 years

    Next Month we are going to have 75 members of Parliament My dear brothers and sisters , economics is the first born of politics , justice is a distant cousin, popularity is the father of modern politics, Budgets are for westerners, we are Africans, China never used to record its transactions , when it starting doing this western thing, its economy started overheating – I am a ACCA,CIMA and ZICA holder I run my house without a Budget because My Money My salary is not enough, I spent More than T make , close to K1m per day, Budgeting just limits God’s blessings, let us learn to live in abundance by removing this western thing known as the budget……………. as a country over run or under runs are for fools,….. Bravo PF 2016 is for political rehearsals……2021 that is when we are starting ruling ….

    • comment-avatar

      You are sick with yo bogues ACCA CIMA

    • comment-avatar
      CHACHA MU 4 years

      This is pure stupidity.

    • comment-avatar
      Namusunga 4 years

      The ACCA you have is making you reach and earn more.Dont mislead the people no government in the world runs without budget even china has a budget they tell us how much they will spend in Africa.The truth of the matter is that the ministries have no money for projects. Let the government tell the nation how much each ministry recieves each month.

  • comment-avatar
    Bembabimbo 4 years

    That is what UNIP was telling us until they couldn’t pay government salaries and raised the mealie meal price.

    By that time every Zambian owed more money than any people of any other country in the WORLD.

    We are still paying that money back TODAY!

    THAT is why Zambians are POOR!

  • comment-avatar

    How stupid

    • comment-avatar
      CHACHA MU 4 years

      Even God has called us to plan. Proverbs 16:9 and thereafter we receive His blessings.

  • comment-avatar
    Puungwa 4 years

    You are not the only economist in zambia!

  • comment-avatar

    Interesting lies

    • comment-avatar
      Kanonga ebo! 4 years

      @Shi chabby – you seem defeated. Why are you saying “interesting lies” is it because you have no counter argument?

  • comment-avatar
    Centre Back Of Democracy 4 years

    The BUFI UKWANOMICS have lamentably failed. No Mr President. You can lie to the people of Feira and Mpongwe, but you can’t fool the initiated Zambians. It is quite clear for the few intelligent Zambians that there is a budget overrun going by your government’s failure to meet contractual payments for goods and services. The sooner you admit the budget overrun the better chances you have of attracting intelligent public sympathy. Otherwise, heading into July and August when FRA is supposed to be buying maize, heading into September when your government is supposed to implement new civil service FAKE conditions of service, the overrun will manifest and government operations will grind to a halt. So own up while you still have time. Talk of prematurity is utter nonsense.

    • comment-avatar
      allenh 4 years

      Does he even know wat a budget overun is?

      • comment-avatar
        Hitman 4 years

        does it mean if you have foreign reserves of 2.4 billion dollars then you cant have a budget overrun? ba chellah muleipusha before you issue statements on behalf of the president. chellah we are coming for you mwaice,sooner or later!!!!

  • comment-avatar
    allenh 4 years

    This is what happens wen u put illiterates in leadership.he is even afraid of facing the nation because the only thing he know is comedy

  • comment-avatar
    Ku Masangalatoni--Lekeni HH ateke 4 years

    Why does Ukwason hide in Muvala George when he needs to call a presser?

  • comment-avatar
    Fountain of Wisdom 4 years

    I DONT BLAME THE W/D BUT PEOPLE WHO FEEDS IT WITH WRONG INFORMATION.

  • comment-avatar
    matipa 4 years

    to start with, sata does not even know what a budget is let alone the purpose for a budget. that is why each time he stands on a podium like monkey, he announces new districts with no reference to a budget. ask kambwili what a budget is he will tell you its some kind of meat imported by zambeef from u.k.

    • comment-avatar
      allenh 4 years

      Wat do u expect wen the highest grade he has gone is grade 5

    • comment-avatar
      Gk 4 years

      Imwe baficolour and you believe yourselves with your other small heads of the two that what you hallucinate about is true?

  • comment-avatar

    If money there can some tell me why the kwacha is trading at k 5.14 please.

    • comment-avatar
      Bembabimbo 4 years

      Check your facts. It is now K5-50

  • comment-avatar
    ZAMBIA MY COUNTRY 4 years

    But you Sata, how much did you budget for the bye elections?

  • comment-avatar

    People Money is dey but some MMD in government are the one who don’t want to realize money on time to pay contractors…etc!

  • comment-avatar
    zombie 4 years

    BUFI ubwafita fititi (LIES as black as sata-n

  • comment-avatar
    Mailon 4 years

    Let us not blame Sata.The idiot who got us in this mess is RB,He literally handed over the presidency to Sata.Quite clearly he failed to appreciate the challenges that his office entailed.Let the fool suffer

    • comment-avatar
      stupid 4 years

      You wanted RB to go to ICC since the kaponya’s started being violent?

      Lets just blame ourselves and find a solution of coming out of this shit. But with the likes of people of feira kaya.

  • comment-avatar
    Puungwa 4 years

    Foreign reserves have nothing to do with the budget.We shall see if there shall be no supplementary budget.

    • comment-avatar
      Native 4 years

      And why are contractors and suppliers of routine goods and services to govt not being paid?

  • comment-avatar
    mwadyamweka dadi 4 years

    please your exellenc dont fool people why is it you are failing to pay suppliers of goods and services and you have failed to pay contractors for several months now as a resuly their families are suffering because of your lies. you only think of government workers but what about the multitudes who depend on these contractors and suppliers. mr chikwanda and your exellence God will punish you for punishing innocent souls/ just because you are government you can pay at your own time and yet fou forget that people sacrifice alot to do these contracts and supply goods and services.Let GOD bless you for ill treating innocent people/

  • comment-avatar
    Advocate 4 years

    It is extremely difficult to avoid budget over-run with such a bloated ministerial positions, induced byelecfions , unbudgeted for districts and manpower wages thereof.

  • comment-avatar

    Some people only accept being thieves if caught in the Act.

  • comment-avatar
    bingo 4 years

    Wanted to get surprise that sata could be talking economics only to realise it’s a written statement from chikwanda. I still insist there is over run in our budget. The by-election is not much but the establishment of new districts after the outside the budget that my friend has done worse to the economy together with the massive increament in wages and many more expenses outside the budget.if u recall very well wgerever our sata went left orders for projects to be done outside the budget.no wonder our budget will not be implemented.the score of the budget will not exceed 30% execution.

  • comment-avatar
    maura 4 years

    Kaya! Niba makunka .kano wachelela pakubasanga.

  • comment-avatar
    Evelyn Hone College/Kariba Hostel 4 years

    These P.F.O.O.L.S always think they can cheat everyone and get away with it…

  • comment-avatar
    Kuyoya 4 years

    ZWD repost the statement from treasury dept. Use budgeted minus Actual if you get a negative it is overrun by that figure.
    Goerge is a journalist not a financel man. Forgive him.

  • comment-avatar
    Bembabimbo 4 years

    More LIES from PF and Sata!

    Obviously the mathematics are beyond the brains of this std.5!

    “Pledges” and actual investment are not the same. With the current chaos and exchange controls coming, most of these “pledges” will never happen.

    ONE BILLION US Dollars wasted and what have Zambians got for it?

    Free maize donations to Zimbabwe and mealie meal price that has doubled here at home?

    We can do the sums and see the LIES!

    BUFI! BUFI! BUFI!

  • comment-avatar
    wiza 4 years

    Investiment pledges are neither here nor there.

  • comment-avatar

    Governing is for the wise, not these niggas.

  • comment-avatar
    Daniel 4 years

    The reserves are dwindling. Monkeys. No added value to the reserves sure. Makaka.

  • comment-avatar
    Kay 4 years

    RB left 3.5 billion in reserves, so in less than 2 years they have squandered at least $1 billion, bakolwe!

    • comment-avatar
      Mwape 4 years

      especially kuma By elections

    • comment-avatar
      Bob Mengo 4 years

      Stop lying iwe. you have no shame check your facts before you hallucinate. i think it was around 1.5 to 2 bilion.

  • comment-avatar
    lackie 4 years

    if the country has foreign reserves of $2.4 billion why did we issue the Euro bond?

    • comment-avatar
      Kayombo 4 years

      Aeeee, going for kaloba when have savings, very strange lies always catch up with liers.

    • comment-avatar
      Walasa 4 years

      What is your profession? I guess you are an intelligent engineer who is not so much braced with economics

      • comment-avatar
        Bob Mengo 4 years

        I agree with you, except he is not even an engineer but an empty tin.because even an ordinary business man does not only borrow when has completely run out of cash, but he borrows because he has seen an opportunity to invest in some booming business.Therefore, Government can not wait to borrow for the purpose of infrastructure development until the reserves are milked.

    • comment-avatar
      Data 4 years

      They forgot to mention that reserves where at $3.4 billion in Dec 2012 and we are down by $1 billion in barely 6 months. The fact is the number is headed the wrong direction
      This data is available on http://www.boz.zm for those who want to verify

    • comment-avatar
      Bembabimbo 4 years

      Greed! More money to eat before 2016!

      By then reserves will be finished!

    • comment-avatar
      Mabvuto 4 years

      Says who?