Mthuli a complete failure: MP

BY VENERANDA LANGA

KAMBUZUMA legislator Willias Madzimure (MDC Alliance) on Thursday described Finance minister Mthuli Ncube as a complete failure, claiming Members of Parliament have managed to “put him where he belonged”, while they await the Executive decision on whether he remains in Cabinet.

The MDC legislator who is a member of the Public Accounts Committee (PAC) said this during a panel discussion convened by the National Association of NGOs (Nango) under the theme Public Finance Management: Can it be a Gateway to Sustainable Economic Development.

Madzimure said Ncube had presided over a lot of chaos during his tenure as minister, including allowing over-borrowing by government in breach of the Public Finance Management Act (PFMA) which stipulates that any new borrowing must not exceed 20% of the previous year’s revenues. The debts are now being paid through Treasury Bills with government simply printing the money.

As a result of over-borrowing without Parliament approval, Ncube is now set to approach the House with three Bills for condonation, one of which will deal with the US$3 billion which cannot be traced, but is said to have been allocated for Command Agriculture between 2017 and 2018.

“As a country, we have been seriously affected by the behaviour of the fiscal authority which borrowed a lot of money which we did not have on the domestic market and it directly affected operations to the extent that we are now experiencing company closures,” Madzimure said.

“In Parliament, MPs have been able to put Ncube where he belongs, but it is the duty of the Executive to decide whether he remains as Finance minister or not because his performance is dismal – but I cannot say that former Finance minister Patrick Chinamasa should come back because he is the one who actually killed all financial systems in Zimbabwe.”

Madzimure said Ncube was selling Zimbabweans a myth about a budget surplus, adding that ministry officials like accountant-general Daniel Muchemwa wantonly broke PFMA rules by allowing ministries to use money without the Accountant-General signing certificates of receipt of that money.

“This week the Accountant-General Muchemwa ended up leaving his position because of pressure by the Tendai Biti-led PAC. This time PAC means serious business and our reports will be harsh and recommend firing of public officials found to be corrupt and misusing public funds,” he said.

Kipson Gundani, who represented business at the discussions, said Ncube was taking the country back to the 2008 era due to his incoherent policies.

“I think this country is full of theatre performers where Ncube speaks of a budget surplus, but there is no electricity, water or medicines and you wonder whether Ncube is a theatre actor getting excited by mere figures. We have resources that are enough to turn around the economy, but there is no transparency and accountability.

“What is happening is direct printing of money and the same formula that brought us to the 2008 situation is being used again. Ours is a broken country, broken currency and a broken people who need healing,” Gundani said.

Zimcodd official Naomi Chakanya said wanton breach of the PFMA rules will hinder Zimbabwe from achieving the sustainable development goals to reduce poverty, support health education, clean water and clean energy.

“Last year, US$5 billion could not be accounted for by different ministries. About US$4 million was paid to Zesa for transformers in 2017, but this was not accounted for and yet we are struggling with electricity cuts,” Chakanya said.

Afrodad representative Tirivangani Mutazu said the country has not been servicing its debts since 2000, adding that although Ncube was paying the International Monetary Fund debt, they will still demand that the country finishes off paying its debts to the African Development Bank and the World Bank before accessing new lines of credit.

Ncube could not be reached for comment.

Do you have a coronavirus story? You can email us on: news@alphamedia.co.zw


56 Comments

  1. Mdidiwakhe uMadzimure, what has he achieved himself

  2. A lot fair-minded zimbos said it from the onset that Ncube was not the man for the job as a matter of fact no one is as long as zanupf is in power. But the former Accountant General must still be probed prosecuted and convicted if found to be wanting.

  3. Not all the blame should fall on Ncube’s shoulders. A good hard look at DR John and his motley crew would not go amiss !

  4. I simply want to mention I am beginner to weblog and definitely enjoyed this web blog. Probably I’m going to bookmark your blog . You really come with really good article content. Bless you for sharing with us your webpage.

  5. Thanks for giving your ideas. I’d personally also like to convey that video games have been actually evolving. Better technology and innovations have aided create realistic and active games. These kind of entertainment games were not really sensible when the actual concept was first of all being attempted. Just like other forms of technological innovation, video games too have had to advance by many generations. This itself is testimony on the fast development of video games.

  6. I’ll check back from time to time to check if you add more nice information to your post.

  7. I’ve viewed some different blog posts with regards to this topic, and I must state that yours shows the most insight. Thanks a lot for expressing your opinions with everyone here.

  8. A different issue is that video gaming has become one of the all-time biggest forms of recreation for people of nearly every age. Kids have fun with video games, and adults do, too. The XBox 360 is amongst the favorite games systems for folks who love to have a lot of games available to them, plus who like to play live with people all over the world. Thanks for sharing your notions.

  9. Hello! I could have sworn I’ve visited your blog before but after browsing through a few of the posts I realized it’s new to me. Anyways, I’m certainly happy I came across it and I’ll be bookmarking it and checking back often.

  10. Everything is very open with a precise explanation of the challenges. It was really informative. Your website is very helpful. Thanks for sharing.

  11. Excellent blog you have here.. It’s difficult to find quality writing like yours nowadays. I honestly appreciate people like you! Take care!!

  12. It’s hard to find experienced people for this topic, however, you seem like you know what you’re talking about! Thanks

  13. Good info. Lucky me I ran across your site by chance (stumbleupon). I have saved as a favorite for later.

  14. You’ve made some good points there. I checked on the internet for additional information about the issue and found most people will go along with your views on this site.

  15. Saved as a favorite, I like your site.

  16. I could not refrain from commenting. Exceptionally well written.

  17. I was able to find good info from your content.

  18. Excellent post. I am dealing with a few of these issues as well..

  19. A motivating discussion is worth comment. I do believe that you need to publish more on this subject matter, it may not be a taboo subject but usually people do not speak about such topics. To the next! All the best.

  20. An impressive share! I’ve just forwarded this onto a colleague who had been doing a little research on this. And he actually ordered me breakfast due to the fact that I discovered it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending the time to discuss this subject here on your web page.

  21. Very good post! We are linking to this great post on our site. Keep up the good writing.

  22. Good post. I will be facing many of these issues as well..

  23. Spot on with this write-up, I actually believe this amazing site needs far more attention. I’ll probably be back again to read more, thanks for the info!

  24. A further issue is that video games are normally serious as the name indicated with the main focus on studying rather than entertainment. Although, there is an entertainment aspect to keep your kids engaged, just about every game is often designed to work on a specific expertise or program, such as mathmatical or research. Thanks for your write-up.

  25. An impressive share! I have just forwarded this onto a friend who has been conducting a little research on this. And he actually ordered me dinner simply because I stumbled upon it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this matter here on your site.

  26. This is a topic that is near to my heart… Thank you! Exactly where are your contact details though?

  27. Do you believe reincarnation? Do you think past lives regression is real?

  28. Good info. Lucky me I found your site by chance (stumbleupon). I’ve book-marked it for later.

  29. Greetings! Very useful advice within this article! It is the little changes that produce the largest changes. Thanks a lot for sharing!

  30. I must thank you for the efforts you have put in writing this blog. I am hoping to check out the same high-grade content from you later on as well. In truth, your creative writing abilities has motivated me to get my own website now 😉

  31. An outstanding share! I have just forwarded this onto a friend who had been doing a little homework on this. And he in fact bought me dinner due to the fact that I discovered it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanks for spending time to talk about this issue here on your blog.

  32. The very next time I read a blog, I hope that it won’t fail me as much as this one. After all, I know it was my choice to read through, however I genuinely believed you’d have something helpful to say. All I hear is a bunch of moaning about something you can fix if you were not too busy searching for attention.

  33. Good post. I learn something totally new and challenging on sites I stumbleupon every day. It will always be exciting to read through content from other authors and use something from their websites.

  34. Spot on with this write-up, I honestly believe this site needs much more attention. I’ll probably be returning to read through more, thanks for the information!

  35. Great article. I’m experiencing some of these issues as well..

  36. Hi there! This post couldn’t be written much better! Reading through this post reminds me of my previous roommate! He always kept preaching about this. I will send this information to him. Pretty sure he will have a great read. Many thanks for sharing!

  37. I was very pleased to find this web site. I need to to thank you for ones time for this particularly fantastic read!! I definitely savored every bit of it and I have you saved to fav to check out new information in your site.

  38. Cant wait to read more of your blog, it really helps expand my knowledge

  39. I was able to find good info from your blog posts.

  40. Greetings! Very useful advice in this particular post! It is the little changes that produce the most significant changes. Many thanks for sharing!

  41. I’d like to thank you for the efforts you’ve put in penning this site. I really hope to check out the same high-grade blog posts by you later on as well. In fact, your creative writing abilities has motivated me to get my own, personal site now 😉

  42. Next time I read a blog, I hope that it won’t disappoint me just as much as this one. I mean, Yes, it was my choice to read, nonetheless I actually believed you’d have something useful to talk about. All I hear is a bunch of moaning about something you could possibly fix if you weren’t too busy searching for attention.

  43. After looking at a few of the articles on your website, I seriously appreciate your technique of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Please visit my website as well and tell me how you feel.

  44. Can I simply just say what a comfort to find a person that genuinely understands what they’re discussing on the internet. You certainly realize how to bring an issue to light and make it important. A lot more people have to read this and understand this side of your story. I can’t believe you aren’t more popular given that you definitely have the gift.

  45. This is a topic that’s close to my heart… Thank you! Where are your contact details though?

  46. You made some good points there. I looked on the internet for more info about the issue and found most people will go along with your views on this site.

  47. Your style is really unique compared to other people I’ve read stuff from. Thank you for posting when you’ve got the opportunity, Guess I will just bookmark this web site.

  48. Good blog you have got here.. It’s difficult to find high-quality writing like yours these days. I truly appreciate individuals like you! Take care!!

  49. I must thank you for the efforts you’ve put in penning this website. I’m hoping to view the same high-grade blog posts by you in the future as well. In truth, your creative writing abilities has motivated me to get my own, personal website now 😉

  50. Having read this I believed it was really enlightening. I appreciate you spending some time and energy to put this information together. I once again find myself spending a significant amount of time both reading and commenting. But so what, it was still worthwhile.

  51. Everything is very open with a very clear description of the issues. It was truly informative. Your site is extremely helpful. Thanks for sharing.

  52. A fascinating discussion is definitely worth comment. I do believe that you need to write more on this issue, it might not be a taboo matter but generally folks don’t talk about these topics. To the next! Cheers!

  53. There’s definately a great deal to find out about this subject. I really like all the points you’ve made.

  54. Hi there, I do think your web site could possibly be having browser compatibility issues. When I look at your website in Safari, it looks fine however, if opening in Internet Explorer, it has some overlapping issues. I merely wanted to give you a quick heads up! Apart from that, wonderful site!

  55. This website certainly has all of the info I needed about this subject and didn’t know who to ask.

  56. I need to to thank you for this fantastic read!! I definitely enjoyed every little bit of it. I’ve got you book marked to look at new stuff you post…

Comments are closed.