“Regime Has Been Cooking Books,” Biti Speaks Ncube “Omits Chinese Loans To Zimbabwe”

Former Finance Minister, Tendai Biti has accused the government of lack of transparency and violating principles bookkeeping after Finance Minister, Mthuli Ncube allegedly recorded inaccurate figures as the Chinese contribution to the country this year.

Ncube alleged that China had given Zimbabwe US$3.6 million, a figure that was refuted by the Asian giant which stated that it had actually given Zimbabwe more than US$136 million under the same year. Posting on Twitter, Biti said:

The omission of Chinese Development Assistance in the Budget is amateurish & reflective of the fact that under Emmerson mediocrity is the new normal. But the same budget also omits Chinese loans to Zim & understates figures of external sovereign debt. The regime has been cooking book.

Meanwhile, China which has been dubbed Zimbabwe’s all-weather friend has criticised the Zimbabwean government for the alleged error.

Zimbabwe has responded saying that it was engaging its Chinese counterparts to reconcile books.

More: Tendai Biti

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