PP Says First Half Of 2015/16 Budget Underperfomed

Jooma

The opposition People's Party (PP) says it does not agree with Finance Minister claim that the the performance of budget in the first half of 2015 to 2016 fiscal year was good.

When delivering Midyear budget statement in the National Assembly, Finance Minister Goodall Gondwe informed the House that "The performance of the budget this year has been better than before except for the projected expenditure on FISP." 

He said the bulk of expenditure on FISP relates to the imports of fertilizers and in view of the escalated deep depreciation of the currency and the cost of procuring fertilizers.

However, People's Party spokesperson on finance matters in the National Assembly, Ralph Jooma said the performance of the first half of the budget was not all well.

“Am not of the same view, because the minister has already stated that he has underperformed on FISP side by K26 billion. So, that means that the Minister will have to be forced to borrow domestically in order to pay for the FISP.

If you have got arrears it doesn’t mean that you are performing well, if you haven’t spend and yet you are owing your people, is just a question of when you are going to pay them. So it’s not performing well it’s actually just a postponement of an underperformance.”