Breaking News

MDC-T applauds Biti's Mid Term Fiscal Policy statement

by Mafu Sithabile
27 July 2011 | 1135 Views
Morgan Tsvangirai led MDC-T applauds the Mid-Term Fiscal Policy review statement that was delivered yesterday in Parliament by Finance Minister, Tendai Biti as it will go a long way in improving the lives of the ordinary people, create employment and promote economic growth.

MDC-T alleges that Biti's pro-poor announcements will see an increase in the harvest of the country's staple food – maize; a boost in the economy through an increase of production in the agriculture and mining sectors; economic growth by 9.3 percent and inflation ending at 4.0 percent - lower than the initial forecast of 4.5 percent on the back of improved production and fiscal discipline.

MDC-T commends the Minister on drastically trimming down government expenditure, especially the procurement of luxury vehicles and overseas travel by senior government officials.

"We complement Minister Biti's move to allocate a US$40 million revolving fund to protect local manufacturers and $20 million for the Small and Medium Enterprises (SME) support. The funds will help resuscitate the ailing local industry and create the much needed employment" said the statement.

However, MDC-T is concerned by continued lack of transparency in the mining industry with diamonds sales being at the highest level of unaccountability. Leakages in diamond sales and a failure to account for the mined resource is a great cause for concern. It is very worrying that more than 700 000 diamond carats were exported since the beginning of the year but revenues declared do not tally with the exports.

Only $103.9 million of an expected amount of more than $2 billion was realised by the government from the mineral resource.

We call for transparency, accountability and honesty in the sale of all mineral resources in the country and money generated from the sales should be forwarded to the Treasury to improve the socio – economic status of this country thus positively impacting the lives of the people of Zimbabwe.




MDC-T remains worried that violent tendencies and the grab – it mentality of Zanu-PF continues to hamper further economic progress as investor confidence continues to wane. The level of political immaturity and lawlessness exhibited by Zanu-PF is a big hindrance in the positive development of this country.

There is need for the full compliance of Zanu-PF to the Global Political Agreement to pave way for necessary reforms including security sector re-alignment, media plurality; respect of the rule of law as well as national healing and reconciliation to make Zimbabwe work again.


Budget Review

Source: Byo24News

Could there be war if Grace Mugabe becomes President?

Yes
74.8%
No
9.02%
Who cares?
16.18%
377

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

'Prioritise quality education,' says Grace Mugabe - The First Lady Dr...

by Staff Reporter | 25 October 2014 | 973 Views

'I am not a sell out,' says Dr Mujuru - Vice President Dr Joice Mujur...

by Staff reporter | 25 October 2014 | 3552 Views

Mugabe's Zanu-PF politburo ignores Grace's demands - Yesterday's much-...

by Staff reporter | 25 October 2014 | 2470 Views

Zesa power outage riles Mugabe - President Robert Mugabe yesterday cam...

by Staff reporter | 25 October 2014 | 1646 Views

My aunt taught me how to have sex, says rapist

by Staff Reporter | 25 October 2014 | 4298 Views

Incompetent cops - WhatsApp update - Please note that Bulawayo24 does...

by Concerned Citizen | 25 October 2014 | 1802 Views

'Amaiguru Gire is working tirelessly hard to destroy Zanu PF' - Please...

by Sando kuna Gire | 25 October 2014 | 5466 Views

Rotary Club of Bulawayo donates to Tjewondo Primary School

by Collin Nyabadza, Executive Director - Collin Nyabadza Children's Voice Charitable Trust | 25 October 2014 | 1095 Views

Dr Joice Mujuru graduation party - Live updates - Vice President Joic...

by Staff reporter | 25 October 2014 | 7762 Views

Politburo ends pre-matually - The Zanu-PF Politburo meeting has ended ...

by Staff reporter | 25 October 2014 | 2670 Views

Mujuru's political life hangs in balance, kept guessing - Vice-Preside...

by Staff reporter | 25 October 2014 | 2674 Views

Zanu-PF Politburo drama fails to materialise - THE Zanu-PF politburo g...

by Staff reporter | 25 October 2014 | 1482 Views

Mugabe convenes parliament - President Robert Mugabe will next week op...

by Staff reporter | 25 October 2014 | 1307 Views

Tsvangirai broke, failing to maintain government mansion - MDC-T leade...

by Staff reporter | 25 October 2014 | 1382 Views

Bosso ranked higher than English Premier sides QPR, Pompey - BULAWAYO ...

by Sikhumbuzo Moyo | 25 October 2014 | 2264 Views

Adulterous man sued for maintenance - A BULAWAYO magistrate has grante...

by Lethokuhle Moyo | 25 October 2014 | 1276 Views

Cop gets a thorough hiding, left with swollen face - A policeman was ...

by Plaxcedes Hove | 25 October 2014 | 1701 Views

Teacher suspended over sex with Grade 6 pupil - THE teacher from Roman...

by Sukulwenkosi Dube | 25 October 2014 | 1858 Views

Man brutally axed to death, body dumped on railway line

by Bongani Ndlovu | 25 October 2014 | 2413 Views

R50 abortion specialist nabbed

by Staff Reporter | 25 October 2014 | 1614 Views

Macheso granted provisional order against abusive hubby

by Staff Reporter | 25 October 2014 | 3478 Views

Mugabe okays Mliswa ouster

by Farirai Machivenyika | 25 October 2014 | 5057 Views

War vets to stage anti-Kaukonde protest

by Staff Reporter | 25 October 2014 | 3641 Views

Jabulani Sibanda urged to resign over 'sharp shooter' Grace Mugabe

by Staff Reporter | 25 October 2014 | 5378 Views

'Zanu-PF is much bigger than personal ambitions and vendetta' - The cu...

by Kennedy M. Mandaza, ZANU PF SA Secretary for Information and Publicity | 25 October 2014 | 3206 Views

Zanu-PF official embroiled in sex scandal, including raping girl (9) -...

by Staff Reporter | 24 October 2014 | 5893 Views

No meaningful devolution without fiscal autonomy - The ZAPU devolution...

by Themba Mthethwa | 24 October 2014 | 1975 Views

Open letter to Grace Mugabe - I AM sure you don't know me at all, bei...

by GP Ndlovu | 24 October 2014 | 9640 Views

Entertainment

Carl Joshua Ncube to star in game show - Comedian Carl Joshua Ncube wi...

by Staff reporter | 23 October 2014 | 1021 Views

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 2291 Views

Zim representative in the Big Brother Africa survives eviction - Zimba...

by Staff reporter | 20 October 2014 | 2896 Views

Grace Mugabe's political comedy takes ZTV hostage - For the past two w...

by Staff reporter | 20 October 2014 | 5348 Views

Oliver Mtukudzi to deliver lecture at Musica 2014 - Zimbabwe's interna...

by Staff reporter | 19 October 2014 | 1609 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2942 Views

Matebeleland Music & Arts Festival - Sivala umnyaka ngengoma lapho sit...

by Staff Reporter | 17 October 2014 | 1850 Views

Obediah Matulana releases Christmas DVD - Bulawayo-based musician Obed...

by Staff reporter | 16 October 2014 | 2150 Views
iBlog

Those Behind Tb Joshua Watch Photo Proof!

when this couple (dave and angie) were indicted of being the masterminds behind tb joshua watch, the blog admins refuted it and denied any sort of connections with the couple, but that’s not what the facts portray as precisely every single one ... Read More
pointblank 13 July 2014 ago

Obviously, Windows Xp Has Nothing More To Offer

With no support from the manufacturer, windows xp no longer receives antivirus updates, which provoked an increase in the number of attacks on xp users. according to avast company, windows xp systems are attacked 6 times more often than the devices r... Read More
Sergey 12 June 2014 ago