(Last Updated on October 21, 2021 by zimdaily)
HARARE – Norton Independent Member of Parliament Temba Mliswa says the government should promote the use of the local currency to stabilise the economy and also to get rid of the auction backlog.
Apparently, he says, in the interim the government is operating for a profit like the private sector, competing with it and the result is the current economic mess.
Mliswa says the problem isn’t the private sector or the forex dealers who have been arrested.
Government should promote the use of the local currency to stabilise the economy and also to get rid of the auction backlog. In the interim Gvt is operating for a profit like the private sector, competing with it and the result is the current mess.
— Hon. Temba P. Mliswa (@TembaMliswa) October 19, 2021
He adds that the Confederation of Zimbabwe Industries has revealed in it’s report that Gvt has over US$400 million which is stashed.
Gvt is pushing the US$ by taxing in US$. We also need answers on what the US$400 at the Ministry of Finance is doing. Are they looking to share it among themselves? This is where corruption comes in. It’s bad in terms of governance& public finance management.
— Hon. Temba P. Mliswa (@TembaMliswa) October 19, 2021
“That money isn’t doing anything. It could have been used to clear the auction backlog. What is it kept for?” Asks Mliswa.
He points out that most of the companies who are being taxed in forex are also now withholding their money.
“The Ministry of Finance is culpable for this mess not RBZ.
“RBZ is only the lender of last resort and monitors the monetary system,” says Mliswa.
[hararelive]