2019 Budget Shows Mthuli Ncube Is Scared Of Securocratic Oligarchs: MDC MP

MDC legislator and national executive member Tapiwa Mashakada rubbished the proposed 2019 budget as not dealing with the real issues. In an interview with New Zimbabwe Mashakada had this to say

The Minister should have proposed the demonetising of the bond note, reverting to a proper multi-currency regime and outlining a path towards joining the rand monetary union… It’s clear that there is a foreign currency crisis owing to the unproductive environment arresting Zimbabwean industry as well as exchange and price controls that have resulted in chronic shortages of basics.

A budget with a wrong diagnosis will not be able to proffer accurate solutions. The budget fails dismally to deal with the question of the currency for use in the country and, in fact, it adds more distortions than clarity on the issue

The lack of clarity on currency issue is at the centre of the multi pricing system and a decisive minister ought to bite the bullet and make a decision on the matter… Mthuli, in his budget, ignores the distortions being caused by the bond note… He proves beyond reasonable doubt that he is scared of the raw State power which is in the hands of Zanu PF hardliners and securocratic oligarchs who need to maintain a printing press of sorts for purposes of patronage.

Related:

• Full Text: 2019 National Budget Reflects A Vampire State Intending To Suck From Its Citizens- MDC

• 2019 National Budget: Major Highlights

More: NewZimbabwe