Breaking News

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

by Mafu Sithabile
27 July 2011 | 1133 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
76.17%
No
8.59%
Who cares?
15.23%
256

Comments

Latest Classifieds (Click Here For More)

News Updates

Email:

Latest News

Grace Mugabe divisive, self-centred, says Makoni - Opposition leader S...

by Staff reporter | 23 October 2014 | 49 Views

Highlanders slapped with $3000 fine

by Staff reporter | 23 October 2014 | 714 Views

Tobacco farmers should opt for other crops

by Peacemaker Zano | 23 October 2014 | 709 Views

Smear campaigns intensify ahead of MDC-T congress

by Staff reporter | 23 October 2014 | 963 Views

Police assault, detain Newsday reporter - Police in Harare yesterday a...

by Staff reporter | 23 October 2014 | 1218 Views

'No death sentence on women' - Concourt yesterday admitted that death ...

by Staff reporter | 23 October 2014 | 649 Views

Bhobho to replace Madzongwe - Zanu-PF wants Women's League deputy secr...

by Staff reporter | 23 October 2014 | 1499 Views

Temba Mliswa in no man's land

by Staff reporter | 23 October 2014 | 1363 Views

Bribery scam rocks Zanu-PF - In a dramatic twist to the worsening Zanu...

by Staff reporter | 23 October 2014 | 1419 Views

Stop abusing Grace Mugabe, says war vets

by Staff reporter | 23 October 2014 | 1397 Views

Panic hits Mujuru camp

by Staff reporter | 23 October 2014 | 2140 Views

Plumtree - Mutare highway almost complete - Rehabilitation of the Plum...

by Staff reporter | 23 October 2014 | 682 Views

Econet upgrades its call centre

by Staff reporter | 23 October 2014 | 448 Views

Cash strapped Bulawayo Council leases property

by Staff reporter | 23 October 2014 | 592 Views

Security guard nabbed for raping woman in her self

by Staff reporter | 23 October 2014 | 1435 Views

VP aspirant Mphoko sucked in messy land fight - ZANU PF vice president...

by Staff Reporter | 23 October 2014 | 1316 Views

Coca-cola's Amai campaign? - WhatsApp update

by Concerned Citizen | 23 October 2014 | 1631 Views

'Callistus Ndlovu educated but empty,' says NK Ndlovu - ZANU PF Vice P...

by Staff Reporter | 23 October 2014 | 1481 Views

Byo magistrate chides couple over grade 7 drop out son

by Court reporter | 23 October 2014 | 932 Views

Gweru Council workers down tools over unpaid salaries - GWERU City Cou...

by Staff reporter | 23 October 2014 | 518 Views

Knife-wielding woman stabs hubby's small house

by Court reporter | 23 October 2014 | 1291 Views

Drunken lodger assaults undressed fellow tenant

by Court reporter | 23 October 2014 | 1413 Views

Mobile operators ordered to reduce high tariffs

by Business reporter | 23 October 2014 | 1149 Views

Man assaulted for associating new Tuku song to First Lady - A Bulawayo...

by Bhebhe Mandla | 23 October 2014 | 2404 Views

Mujuru hits back at Grace Mugabe

by Staff Reporter | 23 October 2014 | 4992 Views

Obert Mpofu's newspaper struggles to pay salaries

by Staff Reporter | 23 October 2014 | 1614 Views

Grace Mugabe summons war veterans

by Staff reporter | 23 October 2014 | 1575 Views

'Grace Mugabe must stop attacking journalists in public'

by Staff reporter | 23 October 2014 | 940 Views

Mugabe chickens out, defers politburo again

by Staff reporter | 23 October 2014 | 2346 Views

Man axes uncle, hangs himself

by Staff reporter | 23 October 2014 | 825 Views

Entertainment

LadyBee Anondida - Official video

by Staff Reporter | 23 October 2014 | 610 Views

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

by Staff reporter | 20 October 2014 | 2443 Views

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

by Staff reporter | 20 October 2014 | 4747 Views

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

by Staff reporter | 19 October 2014 | 1386 Views

Gezha maoko - Ladybee (Official Video)

by Staff Reporter | 19 October 2014 | 2394 Views

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

by Staff Reporter | 17 October 2014 | 1672 Views

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

by Staff reporter | 16 October 2014 | 1931 Views

Grace Mugabe honoured in song - Dancehall outfit Final Warning has rel...

by Tawanda Marwizi | 15 October 2014 | 2382 Views
iBlog

Top 10 Causes Of Vaginal Bleeding After Intercourse

bleeding after sex can be rather alarming, and there could be many reasons why a woman would bleed after sex. though most women bleed after their first time having sex, if bleeding becomes frequent, there may be an underlying issue. below are the 1... Read More
adoniadennis 02 May 2014 ago

Positions To Make Female Orgasm Easier During Intercourse

some women are fortunate enough to be able to climax easily, and in almost any sexual position. the majority of women though, sometimes find it difficult to orgasm especially when they are with a partner. sometimes this difficulty is just a result ... Read More
adoniadennis 12 May 2014 ago