Mr Speaker if you borrow to fund infrastructure you need to match the economic inflows to the nation to the economic outflows for them to have a positive value add. Rather than the increased government spending acting as a stimulus, we have seen the converse happening, ask your self why? Here are my thoughts; 1. Most infrastructure are political in nature and not economic 2. The funding is coming from expensive Kaloba; 3. Most jobs created as low paying casual labour for locals 4. Most if not all the contractors are foreign who externalise the proceeds 5. The roads and other projects are not generating economic returns 6. Debt servicing costs have risen 7. Most of the works are of a poor quality and will require maintenance even before we pay the Kaloba. Yes copper prices have declined from their peak but have not slumped. We continue to rely on copper exports which are contributing little to the economy other than the receipts of forex to meet operating costs. The chart shows that the economy has actually slowed in the last 3 years in real terms (inflation adjusted growth) so which fastest growing economy are you talking about? The common man has seen the doubling of the cost of essential commodities, the stagnation of wages and is failing to sustain his livelihood and that if his family. He is failing to educate his children. Yes he might appreciate the sight of a bituminous standard road but it pretty much ends there as he still walks KMs on end to the Boma to fight with the PF Boma to be paid for the maize he supplied or the pension he is due. Twachula pafula👋👋👋
Posted on: Tue, 30 Dec 2014 04:04:31 +0000
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